The impact of the recent Finance Bill on different sectors
A TIFA survey shows that 82 per cent of citizens cite rising prices of basic goods and services such as food, transport, and utilities as the biggest impact, while 31 per cent point to higher taxes on salaries and income.
The Finance Bill is widely seen as worsening the cost of living and straining personal finances for Kenyans. A TIFA survey shows that 82 per cent of citizens cite rising prices of basic goods and services such as food, transport, and utilities as the biggest impact, while 31 per cent point to higher taxes on salaries and income.
Other effects include reduced disposable income or savings (21 per cent), difficulty running businesses (19 per cent), and delayed or cancelled personal plans such as schooling, travel, or investments (12 per cent). Only 16 per cent felt the bill improved public services, underscoring its unpopularity and the heavy toll it takes on everyday life.
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