The Cabinet has officially approved the Finance Bill 2025 during a session chaired by President William Ruto at State House, Nairobi.
In a statement issued on Tuesday, April 29, State House Spokesperson Hussein Mohammed said the proposed Finance Bill 2025 focuses primarily on closing loopholes and enhancing efficiency, including addressing loopholes related to tax expenditures that have historically been exploited to siphon funds from public coffers, such as through inflated tax refund claims.
The Cabinet also approved the Public Finance Management (Amendment) Bill, 2024. The amendment will mandate all 47 County governments to establish County Emergency Funds, ensuring a structured and responsive approach to emergencies at the devolved level.
Following these approvals, the government’s initial budget estimates of Ksh4.3 trillion are expected to undergo substantial revisions before the final budget is tabled in Parliament for debate and adoption.
