This archive report was first published on 30 June 2020.
On June 30, 2020, President Uhuru Kenyatta signed into law the 2020/21 Budget, the 2020 Finance Bill, and the 2019/20 Third Supplementary Budget.
The 2020/21 Budget, worth 3.2 trillion shillings, includes a Sh56.6 billion post Covid-19 economic stimulus package and an allocation of Sh128.3 billion to the Government's Big Four agenda.
Key amendments in the Finance Act include the zero rating of VAT on maize, cassava, and wheat flour for six months to make unga affordable, as well as the extension of the zero rating of VAT on cooking gas for one year.
The 2019/20 Third Supplementary Budget of Sh18.4 billion was approved by the National Assembly to address the Covid-19 health crisis and other emerging challenges.
The signing ceremony was attended by National Assembly Speaker Justin Muturi, Treasury CS Ukur Yattani, and Leader of Majority in the National Assembly Amos Kimunya, among others.
