Ensure new taxes don’t ravage family incomes
Parliament should consider the concerns raised about some provisions in the Finance Bill...
✨ Key Highlights
New taxes proposed in Kenya's Finance Bill, 2026 are facing significant criticism for potentially increasing the cost of living and impacting family incomes.
- Proposed changes could increase the cost of sugar, animal feed, drugs, and locally manufactured electronics like mobile phones and motorcycles by reclassifying essential goods and raw materials from zero-rated to VAT-exempt status.
- Key organizations such as the Law Society of Kenya and the Institute of Certified Accountants of Kenya (ICPAK) have submitted memoranda to the National Assembly, warning of adverse effects.
- Despite these concerns, National Treasury Cabinet Secretary John Mbadi insists the Bill aims to stabilize the economy and ease the cost of living, urging the public to focus on the Bill's content rather than rumors.
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Budget Committee Flags Funding Gaps, Push for Better Budget Prioritisation - May 2026
The Budget and Appropriations Committee has raised concerns about funding gaps and called for better budget prioritisation across government sectors, warning against inefficiencies and overlapping programmes. The National Assembly has voted to establish a Mediation Committee to resolve a stalemate with the Senate over the Division of Revenue Bill. New taxes proposed in Kenya's Finance Bill, 2026 are facing significant criticism for potentially increasing the cost of living and impacting family incomes. Separately, the High Court has mandated Parliament to disclose the complete budget for the 23rd National Prayer Breakfast within 30 days, emphasizing the right to access information regarding public expenditure.
