NAIROBI, Kenya Jun 30 \u2013 President William Ruto expressed regret that the government will be forced to borrow an additional Sh1 trillion in the Financial Year 2024\/2025 due to the withdrawal of the Finance Bill 2024.<\/p>\n
The controversial bill, which had sparked nationwide protests, was withdrawn by the President in its entirety.<\/p>\n
Speaking on Sunday during a joint media interview, President Ruto lamented that, as a result, Kenya would find itself further trapped in debt.<\/p>\n
\u201cI have been working to remove Kenya from a debt trap but unfortunately that is not going to happen any time soon,\u201d he said.<\/p>\n
He lauded Members of Parliament who supported the passage of the Bill, calling them \u201cheroes,\u201d and suggested that those who opposed it would regret their decision in the future.<\/p>\n
\u201cIn years to come, Kenyans will appreciate the efforts of the MPs who were for the Bill,\u201d he said.<\/p>\n
While Kenya\u2019s debt situation remains dire, President Ruto emphasized that it will worsen further due to high government expenditure and debt repayment obligations totaling Sh1.1 trillion.<\/p>\n
\u201cThe Bill was going to take Kenya big steps forward,\u201d he said.<\/p>\n
Looking back, President Ruto acknowledged that communication about the Bill could have been improved to better persuade Kenyans of its benefits.<\/p>\n
\u201cMy regret is that we didn\u2019t explain ourselves better,\u201d he said.<\/p>","protected":false},"excerpt":{"rendered":"
NAIROBI, Kenya Jun 30 \u2013 President William Ruto expressed regret that the government will be forced to borrow an additional Sh1 trillion in the Financial Year 2024\/2025 due to the withdrawal of the Finance Bill 2024. The controversial bill, which had sparked nationwide protests, was withdrawn by the President in its entirety. Speaking on Sunday […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-59766","post","type-post","status-publish","format-standard","hentry","category-uncategorized","entry"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts\/59766","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/comments?post=59766"}],"version-history":[{"count":0,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts\/59766\/revisions"}],"wp:attachment":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/media?parent=59766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/categories?post=59766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/tags?post=59766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}