![]() ![]() Ruto was elected in August after pledging to uplift the poor but has had a rough time in office so far as growing government debt repayments, revenue collection shortfalls and high prices of basic commodities have squeezed the economy and led to protests.Īs of January, Kenya’s external debt stood at $34bn, part of a huge debt profile Ruto inherited from his predecessor Uhuru Kenyatta.Īnnual interest payments on domestic debt alone have surged from 180 billion shillings ($1.34bn) nearly a decade ago when the debt binge started to 680 billion shillings ($5.09bn) this year, heaping pressure on the government’s cash flow, presidential adviser David Ndii said in April. “Collusion, wanton bribe-taking and general corruption continue to pervade operations of KRA ,” the president told KRA’s management and board members at an event streamed live on his social media pages on Friday. Kenyan President William Ruto has accused the tax collection agency’s staff of cutting government revenue by engaging in corruption and colluding with tax evaders. ![]()
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