Africa News of Thursday, 8 August 2024
Source: BBC
Kenya's President William Ruto is facing significant challenges after court rulings and public protests derailed his tax plans.
The appeals court recently declared last year's tax hikes on salaries, fuel, and mobile money transactions unconstitutional, following procedures violations.
This, along with the withdrawal of the finance bill after anti-tax protests, threatens to create a massive budget shortfall.
The government has appealed to the Supreme Court, but immediate relief is unlikely. Economists suggest either redrafting the finance bill or borrowing more, despite high debt levels.
The situation has sparked broader anti-government sentiment and highlights the need for public engagement in fiscal policies.