Monday | 7 October 2024 | Reg No- 06
বাংলা
   
Monday | 7 October 2024 | Epaper
BREAKING: Banks asked to freeze accounts of Summit Group chairman Aziz Khan      Ex-NBR chairman Nojibur Rahman arrested      Four die, 1225 patients hospitalised with dengue      105 children killed in mass uprising      Saber Hossain Chowdhury arrested      50,000 people marooned as over 100 villages flooded in Netrakona      Preliminary list of 735 martyrs killed in July-Aug mass uprising published      

Kenya president backs down on tax rises after protests

Published : Thursday, 27 June, 2024 at 12:00 AM  Count : 127
NAIROBI, June 26: Kenyas president on Wednesday withdrew planned tax rises, bowing to pressure from protesters who had stormed parliament, launched demonstrations across the country and threatened more action this week.

William Ruto said he would not sign a finance bill including the hikes a day after violent clashes between police and protesters at the assembly and nationwide left at least 23 people dead and scores wounded, according to medics.

"Listening keenly to the people of Kenya who have said loudly that they want nothing to do with this finance bill 2024, I concede. And therefore, I will not sign the 2024 finance bill, and it shall subsequently be withdrawn," he said in a televised address.

Ruto said he would now start a dialogue with Kenyan youth, without going into details, and work on austerity measures - starting with cuts to the budget of the presidency - to make up the difference in the countrys finances.

The move will be seen as a major victory for a week-old protest movement that grew from online condemnations of tax increases into mass rallies demanding a political overhaul, in the most serious crisis of Rutos two-year-old presidency.

It may see off the immediate threat of more unrest, but leaves Ruto still caught between the competing demands of his hard-pressed citizens and of lenders such as the IMF - which is urging the government to cut deficits to obtain more financing.

On Tuesday, police opened fire on crowds who massed around parliament and later broke into the assemblys compound, minutes after lawmakers had voted through the tax measures and sent them on to the president.    —Reuters


LATEST NEWS
MOST READ
Also read
Editor : Iqbal Sobhan Chowdhury
Published by the Editor on behalf of the Observer Ltd. from Globe Printers, 24/A, New Eskaton Road, Ramna, Dhaka.
Editorial, News and Commercial Offices : Aziz Bhaban (2nd floor), 93, Motijheel C/A, Dhaka-1000.
Phone: PABX- 41053001-06; Online: 41053014; Advertisement: 41053012.
E-mail: info©dailyobserverbd.com, news©dailyobserverbd.com, advertisement©dailyobserverbd.com, For Online Edition: mailobserverbd©gmail.com
🔝