The assent was subject to the adjusted supplementary budget to ensure expenditure on critical services.In response to public outcry, President Ruto withdrew the Finance Bill 2024, stating that it would be shelved to allow for dialogue and a collective approach to financing the current budget. Despite this decision, protests continued.
The Finance Bill 2024 had already completed its legislative process in the National Assembly, securing a simple majority in its third reading, the final stage in the legislative house. The bill's passage followed the adoption of proposed amendments that had elicited countrywide protests. During the session, 106 legislators voted to reject the bill. The house leadership, led by Speaker Moses Wetangula and comprising National Assembly Majority Leader Kimani Ichungwa, Finance Committee Chair Kimani Kuria, and Clerk of the National Assembly Samuel Njoroge, was expected to present the Finance Bill to the President for assent.
Once referred back, the National Assembly will consider the bill, focusing on the President's reservations. The house can pass the bill a second time with a simple majority supporting the President's reservations. However, if the MPs seek to override the President's reservations, they will need a two-thirds majority of the house.
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Kenya: President Ruto Signs Division of Revenue Bill Into LawPresident William Ruto has assented the Division of Revenue Bill,2024,which paves way for the submission of financial estimates for the financial year 2024/2025.
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