- The Prime Cabinet CS said that the government needs stability more at this time.
- He said that the current government found empty coffers and that it will take approximately three years for the economy to stabilise.
Image: PCS
Prime Cabinet Secretary Musalia Mudavadi has warned of the consequences of rejecting the Finance Bill 2024.
Mudavadi said that rejecting a Finance Bill on any government is a vote of no confidence on the President.
The PCS alleged that those rejecting the Finance Bill are plotting to ouster President William Ruto.
His sentiments come hours after MPs passed the Finance Bill, 2024 at the second reading stage with 204 MPs voting yes while 115 rejected.
"If the Finance Bill is rejected in any government, the next thing will be a vote of no confidence therefore the government must go home and citizens have fresh elections. That will be the result," he said.
"If you are standing and others are laughing on the other side and you are here thinking that it is a joke. Those people are planning to reject the Finance Bill so they say that it is a vote of no confidence in President William Ruto and that he should step down, don't take it lightly or like a joke. It is serious."
The Prime Cabinet CS said that the government need stability more at this time.
He said that the current government found empty coffers and that it will take approximately three years for the economy to stabilise.
"Governments around the world have only two ways of acquiring funds; through tax or borrowing. That is how a government works. Their Finance Bill is from taxing or borrowing," he said.
He defended the move by the government to tax Kenyans saying it is the only way the country can stabilise economically.
Mudavadi said that the President has three difficult decisions he has to make to get funds for running the government.
He said the government has to continue borrowing at a high rate or the country starts to cut expenditures and increase local revenues.
The PCS said that the President has done that through the proposed Finance Bill 2024.
Mudavadi lauded young people for leading the anti-Finance Bill peaceful protests saying they are exercising their democratic rights.
He questioned where the President will get money to fund education and other developmental projects.
Mudavadi spoke on Friday during a development tour in Eldama Ravine, Baringo County
The Bill proceeds to the Committee of the whole House for consideration of proposed amendments.
MPs are expected to take a vote on the Bill on Tuesday, June 25.