Ruto issues statement after dropping some tax proposals in Finance Bill 2024 ‘Democracy working’
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President Ruto says democracy is working after some tax proposals some tax proposals in Finance Bill 2024 were dropped
President Ruto says democracy is working after some tax proposals some tax proposals in Finance Bill 2024 were dropped.
His statement comes after the Kenya Kwanza administration on Tuesday scrapped a raft of tax proposals in the Finance Bill, 2024.
Following the State House meeting, the government announced that it had decided to drop some of its proposed revenue-raising measures including 16 percent VAT on bread.
President Ruto who has come under pressure over his taxation regime that critics have termed as punitive, said Tuesday’s meeting responded to concerns.
“We are glad we are having conversations about issues, and our institutions are working. This is how democracies function,” Ruto said on X, formerly Twitter.
“We have had a robust public engagement on the proposed Finance Bill. We have adjusted the document accordingly,” Ruto said.
Ruto hailed the move moments after chairing the Kenya Kwanza Parliamentary Group meeting at State House.
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In a statement after the meeting, the president’s United Democratic Alliance (UDA) party said Ruto was confident about the collaboration between the executive and Parliament.
“His Excellency, the President, informed the PG that the Executive and the Legislature will continue making the right decisions no matter how difficult they are,” the statement said.
During the session, President Ruto pointed out that last year’s proposal in Finance Bill 2023 had led to tremendous progress despite critics saying they weighed down on Kenyans.
Ruto lauded MPs for taking the mandate seriously to scrutinize the legislative proposals brought to the House by the executive including the Finance Bill, 2024.
“The president also commended national institutions for working effectively in a democratic Kenya. The National Assembly has changed the Finance Bill that was prepared by the Executive. This is as it should be,” Ruto said.
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