Put Your AD here!

Kenyan president bows to pressure, makes major concessions

Kenyan president bows to pressure, makes major concessions


This article was originally published on VOA News - Economy. You can read the original article HERE

Kenyan President William Ruto on Friday ordered significant cuts in the federal budget along with other government reforms to pay off a crushing debt burden in a move seen as a concession to popular disapproval of a tax bill that sparked violent protests.

Following weeks of protests during which dozens of people reportedly were killed, Ruto withdrew a finance bill intended to raise $2.7 billion — most of it from tax increases — to pay off debt.

Ruto instead offered a compromise: a plan is to cut $1.39 billion from the budget and borrow the difference.

To make it work, Ruto said, his government will eliminate 47 state corporations with overlapping or duplicative functions and reduce by 50% the number of government advisors, among many other actions.

Filling the positions of chief administrative secretaries is suspended, Ruto said, and government funds will not be used for the operations of the offices of the first lady, the spouse of the deputy president and the prime cabinet secretary.

And there's more.

"Public servants who attain retirement age of 60 shall be required to immediately proceed on retirement with no extensions,” Ruto said.

Also, government purchase of new motor vehicles is suspended for 12 months, except for security agencies, and all nonessential travel by state and public officers is suspended, the president said.

Some of the actions were on a list of demands made by protesters.

Ruto also said he has appointed an independent task force to carry out a comprehensive, forensic audit of the country's public debt.

"This audit will provide Kenyans with clarity on the extent and nature of our debt and how public resources have been expanded and also recommend proposals for managing public debt in a manner that is sustainable and does not burden future generations," he said.

Nearly 40 people died and 360 were injured nationwide since the protests started three weeks ago, according to Kenya's National Commission on Human Rights.

This article was originally published by VOA News - Economy. We only curate news from sources that align with the core values of our intended conservative audience. If you like the news you read here we encourage you to utilize the original sources for even more great news and opinions you can trust!

Read Original Article HERE



YubNub Promo
Header Banner

Comments

  Contact Us
  • Postal Service
    YubNub Digital Media
    361 Patricia Drive
    New Smyrna Beach, FL 32168
  • E-mail
    admin@yubnub.digital
  Follow Us
  About

YubNub! It Means FREEDOM! The Freedom To Experience Your Daily News Intake Without All The Liberal Dribble And Leftist Lunacy!.


Our mission is to provide a healthy and uncensored news environment for conservative audiences that appreciate real, unfiltered news reporting. Our admin team has handpicked only the most reputable and reliable conservative sources that align with our core values.