Tax fallout wave blows in region as Ruto buckles under public pressure
Demonstrators react as police use tear gas to disperse protesters during a demonstration against Kenya's proposed finance bill 2024/2025 in Nairobi, Kenya on June 25, 2024. PHOTO | REUTERS
Kenya's President William Ruto, bowing to pressure from an angry public, rejected the contentious Finance Bill 2024 in its entirety and called for austerity measures to compensate for the potential revenue shortfall in his Ksh3.99 trillion ($30.93 billion) budget for the 2024/2025 fiscal year.
The decision came in the crescendo of a public outrage over high taxation.
