In June, President William dropped the controversial tax hikes after a bloody day in Nairobi that saw the storming of parliament.
Demonstrators take part in an anti-government rally in Nairobi, Kenya, 23 July 2024. Picture: EPA-EFE/STR
President William Ruto had warned of a funding shortfall after he decided in June to drop the controversial tax hikes after a bloody day in Nairobi that saw the storming of parliament and police firing live bullets on demonstrators.Finance Minister John Mbadi told private station Citizen TV on Sunday that the government was considering about 49 tax measures to try to raise roughly 150 billion shillings .
Mbadi is one of four opposition stalwarts who joined a revamped cabinet after Ruto vowed to create a “broad-based” government to try to address the concerns of the protesters, led largely by young Gen-Z Kenyans.After scrapping the 2024 finance bill, which would have raised about $2.7 billion in taxes, Ruto announced government spending cuts and increased borrowing to plug the gap.
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