The National Assembly has approved the Finance Bill 2026, clearing the way for the government to raise revenue for the Sh4.8 trillion budget in the 2026/27 fiscal year.
The Bill sailed through its Third Reading on Thursday evening, June 18, 2026, after 122 Members of Parliament voted in favour, against 40 opposed, with no abstentions recorded. According to the official tally announced by Speaker Moses Wetang’ula, the Ayes comprised 103 electronic votes and 19 manual votes, while the Nays included 36 electronic votes and 4 manual votes.
The passage follows weeks of heated debate and extensive public participation. The Finance and National Planning Committee reported receiving more than 100,000 submissions from citizens, businesses, and civil society groups during hearings conducted across 13 counties.
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MPs adopted a raft of amendments proposed by the committee, removing or modifying several contentious tax measures that had drawn criticism from stakeholders. The government maintained that the Bill is designed to enhance revenue collection while avoiding punitive taxes that could worsen the cost of living.
Treasury officials argued that the measures contained in the legislation are necessary to support government programmes, reduce reliance on borrowing, and strengthen tax administration.
The Bill now proceeds to President William Ruto for assent before becoming law. Its enactment is expected to provide the fiscal framework for financing key government priorities under the 2026/27 budget cycle.
By Masaki Enock
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