Ruto signed the bill into law on Thursday morning at State House, Nairobi, after MPs passed the proposed legislation last week.
While the bill avoided introducing fresh taxes following last year’s deadly demonstrations against the 2024 Finance Bill, some of the clauses were contentious, such as a proposal seeking to give the Kenya Revenue Authority powers to access taxpayers’ personal and financial data.
MPs eventually dropped it while voting on it before it was sent to Ruto for approval.
Treasury Cabinet Secretary John Mbadi presented the Ksh.4.2 trillion 2025/26 budget in Parliament earlier this month and his ministry hopes to raise up to Ksh.30 billion in extra revenues from this year’s finance bill.
At the same time, Ruto also signed the 2025 Appropriation Bill, allowing the Treasury to withdraw Ksh.1.88 trillion from the Consolidated Fund for the 2025/26 financial year.
The Bill permits ministries, departments, and agencies to use Ksh.672 billion in Appropriation-in-Aid, as approved by Parliament.
