Gachagua: Finance Bill Designed To Benefit Mt. Kenya Region

Deputy President Rigathi Gachagua has expressed his optimism regarding the benefits the Mount Kenya region will receive from the proposals in the Finance Bill 2023. Speaking at a Farmers Field Day in Githunguri, Kiambu County, Gachagua highlighted the allocation of a significant amount of funds aimed at completing stalled development projects in the region.

Gachagua emphasized the government’s commitment to addressing infrastructure challenges in the area, particularly in regard to roads. He stated, “If there is a region that has been considered in the Finance Bill, it’s Mount Kenya.

To start with, our Mau Mau roads had come to a standstill due to lack of funds. Additionally, projects in Kiambu and Githunguri were also halted. In this year’s budget, we have allocated Ksh250 billion, and now our roads will continue to be built.”

The deputy president further highlighted the agricultural sector’s benefits, specifically for farmers in the region. He noted that the Finance Bill 2023 would zero-rate commodities such as animal feeds, resulting in reduced prices and increased benefits for farmers.

Gachagua also mentioned the elimination of value-added tax (VAT) on tea and the zero-rating of tea packaging, illustrating the government’s commitment to supporting the tea industry.

Expressing his gratitude, Gachagua acknowledged the lawmakers from the region for their overwhelming support of the Finance Bill 2023. Their votes in favor of the proposed law contributed to its success during the Second Reading in the National Assembly. Out of the 257 participating MPs, 176 voted in favor of the bill, with 81 opposing it.

In addition to the financial benefits, Gachagua pledged to tackle cartels in the coffee and tea sectors, aiming to increase farmers’ income. By addressing the challenges posed by these cartels, the deputy president demonstrated the government’s commitment to supporting the agricultural community and ensuring fair practices within the industry.

The Finance Bill 2023 has cleared the Second Reading and is now set for consideration by the committee of the whole House on June 20. The bill must be passed by June 30 to take effect on July 1.

The proposed measures in the Finance Bill 2023 highlight the government’s focus on addressing key development and economic concerns in the Mount Kenya region.

By allocating significant funds to infrastructure projects and implementing beneficial policies for farmers, the bill aims to enhance the region’s growth and prosperity.

As the bill progresses through the legislative process, it is expected to receive further attention and scrutiny to ensure that the proposed benefits are effectively realized.