Treasury Cabinet Secretary John Mbadi has dismissed viral reports circulating on social media and mainstream outlets claiming that the government has introduced the Finance Bill 2025, which includes additional taxes on the public.
According to the reports, tax experts have expressed concerns over the government's plan to finance the proposed Ksh4.26 trillion budget for the 2025/26 financial year, which is significantly higher than the current Ksh3.6 trillion budget, largely through tax revenues from Kenyans.
Economists and the Parliamentary Budget Office (PBO) had warned that the proposed budget, currently under consideration in Parliament, will exacerbate the divide between rising taxes, stagnant wages, and the neglect of critical sectors like agriculture.
The PBO cautioned that the budget will leave vulnerable families with even less hope for a better future.
