Kenya to borrow more after controversial tax bill withdrawn – president ...News

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Kenya to borrow more after controversial tax bill withdrawn – president
William Ruto declined to sign the 2024 Finance Bill last week after several protesters were killed in clashes Kenyan President William Ruto says his government will need to borrow more to make up for its budget deficit, following the withdrawal of a contentious IMF-backed tax bill that sparked deadly protests in the East African country. President Ruto made the statement on Sunday during a roundtable hosted in the State House at the capital, Nairobi, days after he backed down on the 2024 Finance Bill, which contained major tax hikes aimed at generating $2.7 billion in revenue. Last Tuesday, youth-led protests tu

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