On 4 May 2023, the Financial Bill 2023 was tabled before the National Assembly – the core arm of the government in budget approval and oversight – for the first reading and thereafter forwarded to the Departmental Committe on Finance and National Planning for consideration. The Bill, pursuant to Article 114 of the Constitution, was then subjected to public participation between 7 and 26 May.

After consolidating feedback on the Bill from different stakeholders, the Committee on 13 June tabled for approval its recommendations on clauses of the Bill that require amendments. And on 14 June after the second reading of the Bill, the House took a vote. At the time of voting, only 257 out of the 348 members (the N.A is currently short of one member following the death of Banissa constituency representative, Kullow Maalim Hassan) representatives were present within chambers, six were on suspension and 85 were absent. Of the 257 members present, 176 voted in favour of the report while 81 opposed it.