Kenya’s government plans to raise approximately $1.2 billion by reintroducing some unpopular taxes which were included in the infamous finance bill which triggered deadly street protests across the country.
President William Ruto had warned of a funding shortfall after he decided to drop the controversial tax hikes in June following the storming of parliament and police firing live bullets on demonstrators.
Finance Minister John Mbadi, one of four opposition stalwarts who joined a revamped cabinet said the government was considering about 49 new tax measures, including the reintroduction of an “eco levy” aimed at reducing electronic and plastic waste.
Kenya has approximately $80 million in domestic and external debt, if it remains unpaid, the possibility of borrowing in the future is likely to become more difficult.
Source:Mybrytfmonline.com/DW Africa
