- President Ruto announces revised borrowing plan following widespread protests
- Shelving of Finance Bill 2024 leads to increased borrowing and budget cuts
Nairobi, Kenya – Kenya’s President William Ruto announced that the East African nation will revise its borrowing for the financial year 2024/2025 to approximately KES1 trillion. This decision follows widespread street protests that forced his administration to abandon new tax proposals initially expected to raise additional revenue.
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