The Kenyan government has scrapped the 2024 Finance Bill, which included $2.3 billion in tax hikes, following widespread protests across the country. The demonstrations, led by young people known as Generation Z, resulted in property damage and dozens of deaths. President William Ruto initia...
NAIROBI —KenyanPresident William Rutosaid Wednesday he won’t sign into law a finance bill proposing new taxes, a day after protesters stormed parliament and several people were shot dead. It was the biggest assault on Kenya’s government in decades. The governme...
When the National Treasury handed over its budget proposals for the financial year 2022/23 to parliament’s Finance and National Planning Committee for approval, many of its members considered the document a poisoned chalice.
Posted:19 August, 2024|Author:AfricLaw|Filed under:George Njogu|Tags:carbon trading,climate change framework policy,climate change mitigation strategies,climate finance,disease management,environmental justice,Food and Agriculture Organisation,global development objectives,global warming,government,greenhouse gas ...
Kenya has been warned over its bulging debt repayment bill and the fact that it is increasingly using more of its tax revenue to settle debt rather than provide services. Figures from the Quarterly Economic and Budget Survey(Q4), 2019/20 shows that Kenya’s total debt rose significantly from...
The Finance Act, 2023 (the Act) was signed into law by the President on 26 June 2023. Unless specifically mentioned, the changes highlighted in this Tax Alert were meant to take effect on 1 July 2023. However, on 30 June 2023, the High Court of Kenya iss
It was not immediately clear whether the protests planned for Thursday would go ahead given Ruto's decision not to sign the finance bill. President of Kenya William Ruto addresses journalists during a press conference at the State House in Nairobi, June 26, 2024.SIMON MAINA/AFP/Ge...
At this point we have today seen passage of the Ruto Finance Bill on third reading in Parliament, breach of Parliament by protesters and the shooting deaths of several by Kenya’s police. Lots of teargas, attempts to intimidate media, and an apparent major internet slowdown. Fires at Nairobi...
READ MOREKenya Finance Bill: Government bows to pressure, drops contentious tax proposals Speaking over the weekend at his Juja constituency in Kiambu County, north of Nairobi, Koimburi, one of the MPs who voted to oppose the bill, said the government used bribes to lure legi...
Government and Public Finance Last Frequency Range Forecast: Government Expenditure (KES bn) 6,278.921 2029 yearly 1982 - 2029 Forecast: Government Net Debt (KES bn) 17,845.284 2029 yearly 1998 - 2029 Forecast: Government Revenue (KES bn) 5,350.228 2029 yearly 1982 - 2029 Government Debt...