Kenyan President William Ruto announced on Wednesday the withdrawal of the draft 2024-2025 budget, which stipulates a tax increase, following protests that developed into bloody violence on Tuesday.
Ruto said in a speech he delivered the day after the anti-project demonstrations that left 22 people dead, according to the official body for the protection of human rights, “After listening carefully to the people of Kenya who said loudly and clearly that they do not want the 2024 Finance Bill, I bow my head and will not sign it into law.” “It will therefore be withdrawn.”
The government was planning to collect $2.7 billion in additional taxes to reduce the budget deficit.
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