Most of President William Ruto's plans for the economy since coming to power are in tatters.
Kenya’s President William Ruto must be feeling punch-drunk - after suffering another blow to his plans to raise taxes for his cash-strapped, debt-burdened government.Three judges unanimously ruled the 2023 legislation that had raised taxes on salaries, fuel and mobile money transactions was "fundamentally flawed” and "unconstitutional” as it had not followed laid down procedures.
The government presents a finance bill to parliament before the beginning of each financial year in July, introducing new taxes or changing existing ones, primarily to raise more money. Economist Odhiambo Ramogi says the latest court decision also creates uncertainly for taxpayers, although the court ruled that taxes already collected cannot be refunded.
Yet that too might be difficult, given the country’s debt levels and the recent downgrading of its rating by international credit rating agencies Moody’s and Fitch. “I would hate to imagine the education budget being cut, disruption in higher education funding, civil servants being laid off, healthcare coming a cropper,” he said.
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