On Wednesday, April 30, 2025, the speaker of the national assembly informed parliament that he had gotten the draft finance bill for 2025 from the cabinet, which includes measures to raise revenue that will back the budget estimates for the 2025/2026 fiscal year.
The Bill, which is now set to go to Parliament, is part of comprehensive budget adjustments aimed at achieving a reduced fiscal deficit of 4.5% of GDP for the 2025/26 financial year, down from 5.1% in the previous year.
A Cabinet announcement released to news organizations stated that the Bill “primarily aims to eliminate loopholes and improve efficiency, particularly by tackling issues related to tax expenditures that have traditionally been misused to drain resources from public funds, such as through exaggerated tax refund requests.”
This is a preliminary draft of a bill which has been made public will undergo multiple phases, including public involvement and revisions, before being approved by parliament to become a law.
Here is the Draft Finance Bill 2025 to DOWNLOAD
We will be updating you on the developments regarding this draft Finance Bill.
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