What President Ruto Signed Today In State House

President Ruto has just signed this:

1. On Wednesday 26th June 2024, I declined to sign the Finance Bill 2024

consequently sending a memorandum to the National Assembly rejecting all

clauses of the bill.

2. Articles 221 and 222 of the Constitution require that the Appropriations Bill be assented to by the 30th of June every year to guarantee the continuity of government operations, especially in providing critical services.
3. I have therefore assented to the Appropriations Bill 2024 and instructed the National Treasury to immediately prepare supplementary estimates to reduce expenditure by the amount of revenue that was expected to be generated by the rejected Finance Bill 2024. The reduction in expenditure, amounting to Kshs 346 billion, will be borne equitably by both levels of government: the National and County Governments. With respect to the National Government, the reduction will be borne by the executive, the legislature, the judiciary, and our constitutional commissions.
4. Consequently, I have referred the County Allocation and Revenue Bill, which was based on expected revenues from the rejected Finance Bill, back to Parliament for reduction accordingly.
5. Further, I have directed the National Treasury to immediately submit to Parliament amendments to the Division of Revenue Act 2024 to reflect the reduced revenues occasioned by the rejected Finance Bill.
6. I have also instructed the National Treasury to direct all accounting officers to ensure that only critical and essential services are funded, using no more than 15% of the budget, until the supplementary budget is approved.

Signed:
William Samoei Ruto
President.