Key Highlights From The 2019-2020 National Budget Statement

The Budget Statement for the FY 2019/20 was read on 13 June 2019 by the Cabinet Secretary for the National Treasury, Hon. Henry Rotich (the CS). The theme for this year's Budget Statement is: Creating Jobs, Transforming Lives – Harnessing the "Big Four" Plan.

At this stage, we have not yet seen the Finance Bill 2019 which will set out the statutory provisions that are proposed to be amended. The Finance Bill 2019 will also stipulate the effective date when the provisions discussed below should take effect.

We will, therefore, provide an updated bulletin once the Finance Bill 2019 has been published by the Government Printer and has been issued to the public.

For now, we set out below the key highlights from the Budget Statement: