Home News Kenya’s Ruto Declines To Sign Contentious Finance Bill, Returns It To Parliaments
NewsPolitics

Kenya’s Ruto Declines To Sign Contentious Finance Bill, Returns It To Parliaments

312
Kenyan President William Ruto has announced rejecting and withdrawing the contentious Finance Bill, earlier this afternoon. 

Kenya’s President William Ruto has declined to assent to the contentious Finance Bill that has led to the death of over 23 anti-tax protesters and continuous unrest across regions in the country.

Sources within the State House revealed on Wednesday that the Bill would be sent back to parliament before the house break for recess.

This is due to Ruto’s proposed draft of amendments to the bill, which, according to Kenya’s Constitution, parliament members (MPs) will have to debate for consideration.

Section 115 (2)(3) of the Constitution stipulates that “If the President refers a bill back for reconsideration, Parliament will either (a) amend the bill in light of the President’s reservations or (b) pass the bill a second time without amendment. – If Parliament amends the Bill fully accommodating the President’s reservations, the Speaker shall re-submit it to the President for assent.”

In return for the bill, Ruto will point out the part that needs to be altered for the MPs. However, this must be supported by two-thirds of the members.

Meanwhile, with the report that the MPs are set to go on recess beginning today until July 23, and should the President return the documents within fourteen days, the speaker may have to recall the members.

With this move, many Kenyans suspect the president is buying time to gain international support and wear down public resistance before passing the bill.

Some of the tax proposals introduced in the bill, which have since been dropped, include 16 per cent VAT on bread, excise duty on vegetable oil, VAT on transportation of sugar, 2.5 per cent motor vehicle tax, and Eco Levy on locally manufactured products.

Read more: Updated: Fire Outbreak at Dangote Petroleum Refinery in Lekki Free Zone

About The Author

Written by
Mayowa Durosinmi

M. Durosinmi is a West Africa Weekly investigative reporter covering Politics, Human Rights, Health, and Security in West Africa and the Sahel Region

Related Articles

Enugu 2025 Budget
FinanceNews

2025 Budget: Enugu Govt. Plans to Spend ₦10 Billion on CCTV Cameras, ₦5 Billion on Vehicles

The Enugu State Government has planned to spend ₦10 billion in 2025...

BusinessNews

French Firm Orano Pursues Legal Action Against Niger Over Revoked Mining Licence

French nuclear fuel company Orano has launched international arbitration against Niger following...

Former Anambra governor and Labour Party presidential candidate, Peter Obi, has condemned recent calls for the Federal Government to purchase a new aircraft for the Vice President, calling the suggestion "insensitive and detached from the country's harsh economic realities."
News

Recent Stampedes at Palliative Venues Reflects Systemic Failures in Our Society – Obi

Former Governor of Anambra State and Labour Party presidential candidate in the...