#RejectFinanceBill2024 demonstrations intensify in Nairobi and other parts of the country as the National Assembly amends the Finance Bill.
Why are Kenyan’s rejecting the Finance Bill 2024?
@nomadpress #RejectFinanceBill2024 protests kick-off in various parts of Kenya. #kenya ♬ original sound – nomadpress
Kenyans are rejecting the Finance Bill 2024 for several reasons, primarily centered around concerns about increased taxes and the potential economic impact on the population. Here are some key points contributing to the opposition:
Tax Increases: The bill proposes new and higher taxes, which many Kenyans believe will exacerbate the financial burden on already struggling households. These include taxes on essential goods and services, which could lead to higher living costs.
Cost of Living: Many Kenyans are worried that the proposed tax measures will further increase the cost of living. With rising prices for food, fuel, and other essentials, additional taxes are seen as detrimental to the average citizen’s ability to afford basic necessities.
Economic Strain: The country’s economy is still recovering from the effects of the COVID-19 pandemic and other economic challenges. Critics argue that the Finance Bill 2024 does not take these economic hardships into account and could hinder recovery efforts.
Public Services: There is skepticism about whether the increased revenue from the new taxes will be used effectively to improve public services. Past experiences of mismanagement and corruption have led to a lack of trust in the government’s ability to utilize funds appropriately.
Job Creation and Investment: Higher taxes can discourage investment and business growth, which are crucial for job creation. Kenyans are concerned that the bill may negatively impact the business environment, leading to fewer job opportunities.
Consultation Process: Some Kenyans feel that there was inadequate public consultation and involvement in the drafting of the Finance Bill 2024. They believe that more dialogue with stakeholders, including ordinary citizens, is necessary to create a bill that addresses the needs and concerns of the population.
Transparency and Accountability: There are calls for greater transparency and accountability in how the government plans to spend the additional revenue. Without clear and convincing plans for the allocation of funds, the public remains wary of supporting the bill.
These factors have led to widespread criticism and protests against the Finance Bill 2024, with many Kenyans urging the government to reject proposed measures to better align with the economic realities and needs of the population.
