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State to slash SGR budget by Sh3.6bn

SGR launch

President Uhuru Kenyatta launches the cargo freight services of the Standard Gauge Railway at the Port Reitz Station in Mombasa on May 30, 2017.

Photo credit: Samuel Miring'u | PSCU

By  Julians Amboko

Contributor

The kitty designated for aggregating funds for operating the standard gauge railway (SGR) is set for a Sh3.6 billion cut in collections in the 2023-2024 financial year if proposals in the Finance Bill, 2023 sail through public participation and Parliament in their present form. 

The Bill seeks to amend Section 8 of the Miscellaneous Fees and Levies Act of 2016 reducing Railway Development Levy (RDL) from 2.0 per cent to 1.5 per cent, one of the proposals that President William Ruto has touted as a key pillar in the latest tax proposals aimed at improving the business environment.

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