National Treasury Cabinet Secretary Henry Rotich has unveil a Sh3.02 trillion budget for the financial year 2019/20.

Here are some quick facts on the 2019/20 budget:

Budget

The 2019/20 budget will be the seventh under the Jubilee administration. The National government plans to spend Sh3.02 trillion, about 10 billion higher than the current (2018/19) budget.

Deficit

There is an estimated deficit of Sh607.8 billion, an increase from Sh562 billion this financial year. The government is likely to borrow more in the next fiscal year to bridge the deficit as Kenya Revenue Authority (KRA) is expected to miss this year’s revenue collection target by Sh118 billion.

Treasury Cabinet Secretary Henry Rotich has set a revenue target of Sh2.2 trillion while KRA is expected to collect approximately Sh1.9 trillion.

Experts say the government might also heighten the tax regime to fill this budget deficit.

Capital Gains Tax (CGT) increased from 5% to 12.5%, exempting gains due to the transfer of assets resulting from restructuring exercises.

how will this affect nse

All 750ml whisky up by 24 bob, 750ml wine up by 18 bob. Beer untouched bei kama kawaida. So my Glenfiddich moves from 5500 to 5524.

Sisi watu wa weed but tuko exempted from taxation