The Parliamentary committee on Budget and Appropriation has dispelled reports of looming budget cuts to cushion the country in the wake of the fuel tax crisis. The committee has also dismissed speculation that it is discussing the Finance Bill.
According to the committee chair, Kimani Ichung’wah, the committee has retreated to the Coast for two days to review the framework on the budget implementation process.
The move follows a report on the 2017 Open Budget Analysis that exposed a glaring gap. Ichung’wah who is also the MP for Kikuyu said the budget implementation review is an annual programme planned for at the beginning of this year.
On the 16 per cent tax fuel crisis, he said his committee cannot deliberate on a matter already dispensed with by the August House and awaiting the decision of the President. Kenyans have been subjected to a high cost of living after Treasury implemented a 16 per cent VAT on all petroleum products on September 1st.