The chairperson of President William Ruto’s Council of Economic Advisors David Ndii has hit out at leaders criticising the government’s taxation plans in the next financial year. Ndii asked people with issues with Finance Bill 2023 to sit down and write an alternative budget that is cushioned from external shocks without International Monetary Fund (IMF). He also suggested that they should also show how they can bring down the budget deficit with no tax measures. The Finance Bill 2023 proposes the amendment of the Employment Act of 2007 to require employers to contribute to the National Housing Development Fund for each of their employees. According to Ndii, the current power bills are a result of high production costs, from the fuel used for generation, and water levies.

Source: The Star May 07, 2023 11:41 UTC