The United Democratic Alliance (UDA) leader, William Ruto, said he had consulted with the Kenya Revenue Authority about ways to broaden the country’ s tax base in order to reduce the government’ s reliance on debt.
Over the past decade, outgoing president Uhuru Kenyatta’ s government borrowed heavily to fund infrastructure projects across the country, resulting in a large national debt.
Today, September 13, at the Moi International Sports Stadium in Kasarani, William Ruto will take the oath of office and become the fifth president of Kenya. Uhuru Kenyatta greeted William Ruto upon his arrival at the Presidential Mansion. William Ruto (in a photo). The information comes from Twitter.
Massive economic issues await the incoming president, including high debt, rising food prices, rising fuel costs, and a hefty pay bill. Now that he’ s in office, Ruto is putting his money where his mouth is and working hard to fix the economy.
The leader of the United Democratic Alliance (UDA) claimed he had spoken with the Kenya Revenue Authority about increasing revenue as a means to rein on spending.
During the swearing- in ceremony for Johnson Sakaja as the new governor of Nairobi, Ruto remarked, ” I have already discussed ways to raise revenue with the Kenya Revenue Authority, and I commit that we would work together with you so that Kenya may live within its means. ”
According to Koech, ” removing cartel structures and reforming MSMEs through the hustling fund” and ” creating and developing a favorable business environment to enable business climate therefore higher tax collection to facilitate repayment” are both viable options.
Koech further emphasized the need for Ruto to curb corruption and enforce tax compliance across all industries. To lessen the load, he must work to bring down the wage bill, keep the peace to attract international investment, and push for a round- the- clock economy.
