Kenya’s recent tax proposals aimed to raise $2.7 billion to reduce the country’s budget deficit and borrowing. However, facing pressure from protesters, Deputy President Ruto withdrew the finance bill, citing concerns that the measures would harm the economy and burden the population.
The proposed tax measures included new levies on basic commodities and financial transactions, as well as an “eco levy” on manufactured goods. Despite the bill’s withdrawal, the government plans to address the budget deficit through austerity measures, starting with cuts to the presidency’s budget.
Ruto has pledged to engage in dialogue with Kenyan youth, but protests continue with some calling for his resignation. While there is division on the extent of the demonstrations, social media remains a platform for organizing. Police presence has increased, with roadblocks leading to the presidential palace.
Stay tuned for updates on Kenya’s tax proposals and the ongoing protests as the government navigates economic challenges.