Kenya: What Next for the Finance Bill 2024 Following Ruto's Withdrawal

Nairobi — President William Ruto's historic announcement to withdraw the Finance Bill 2024 has raised questions about the next steps for Kenya's fiscal management.

At the committee of the whole house, it passed with 195 Members of Parliament voting in its support. This outcome sparked widespread violence during demonstrations, resulting in over 20 deaths, 300 injuries, and more than 50 arrests. Once referred back, the National Assembly will consider the bill, focusing on the President's reservations. The house can pass the bill a second time with a simple majority supporting the President's reservations. However, if the MPs seek to override the President's reservations, they will need a two-thirds majority of the house.There was a problem processing your submission. Please try again later.

"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this Finance Bill 2024, I concede and therefore I will not sign the 2024 Finance Bill, and it shall subsequently be withdrawn," President Ruto stated.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Kenya: Wajackoyah Leads Diaspora Protest Against Finance Bill 2024 in DallasFormer presidential aspirant and Roots Party leader George Wajackoyah led a protest against the Finance Bill 2024 in Dallas, USA, on Sunday.
Source: allafrica - 🏆 1. / 99 Read more »

Kenya: President Ruto Responds to Youth Protests Against Finance Bill 2024President William Ruto has addressed the ongoing protests by Kenyan youths against the Finance Bill 2024, expressing his pride in their peaceful and united stance.
Source: allafrica - 🏆 1. / 99 Read more »

Kenya: All Set for Tuesday's 'Occupy Parliament' Protest Against Finance Bill 2024All is set for Tuesday's 'Occupy Parliament' demonstrations to protest the Finance Bill 2024. Organisers of the protest and police have been holding meetings as they finalize strategies to facilitate Tuesday's planned sit-in outside Parliament Buildings, ahead of debate on the Finance Bill, 2024.
Source: allafrica - 🏆 1. / 99 Read more »

Kenya: U.S. Senator Chris Coons Warns Kenya Against Violence Amid Finance Bill ProtestsUnited States Senator Chris Coons has voiced concerns over the violence witnessed during the anti-Finance Bill protests held on Tuesday.
Source: allafrica - 🏆 1. / 99 Read more »

Kenya: Security Forces Patrol Kenya's Capital After Anti-Finance Bill Protesters Shot DeadSoldiers and police were deployed Wednesday on the streets of Kenya's capital, a day after protesters stormed the country's parliament as part of demonstrations against tax increases.
Source: allafrica - 🏆 1. / 99 Read more »

Kenya Govt Plans to Borrow Billions to Finance 2024/2025 BudgetThe Treasury Cabinet Secretary Njuguna Ndung'u announced the government's intention during the reading of the 2024-2025 Budget estimates in Parliament. In addition to domestic borrowing, the government is projecting to secure Sh333.8 billion in foreign debt.
Source: allafrica - 🏆 1. / 99 Read more »