President William Ruto announced a tax relief policy exempting Kenyans earning up to 30,000 shillings from income tax, despite creating a 40 billion shilling revenue gap, as part of efforts to ease the burden on lower-income earners amid rising cost of living.
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President Ruto proposes tax relief for Kenyans earning below KSh30,000追加:
Welcome back. President William Ruto has announced plans to exempt Kenyans earning up to 30,000 shillings from paying income tax in a move aimed at easing the burden on lower income earners in the wake of the rising cost of living.
Speaking during the 23rd National Prayer Breakfast organized by Parliament in Nairobi, the head of state said the proposal, if adopted in Parliament, would create a 40 billion shillings revenue gap, but insisted the government will pursue innovative ways of financing the development without disturb over burdening ordinary Kenyans.
>> [music] >> The 23rd National Prayer Breakfast brought together political leaders, diplomats, clergy, and senior government officials under the theme of forgiveness and reconciliation.
But beyond the prayers and calls for unity, President William Ruto used the platform to unveil what could become a major economic relief for low-income earners.
>> That category should be moved to anybody who is earning 30,000 and less.
They will not pay any taxes.
>> [applause] >> Because we have we're beginning to think, plan, innovate differently.
>> The head of state announced that the government is preparing a proposal to exempt Kenyans earning up to 30,000 shillings from paying income tax.
>> The Treasury came back some people there in the Treasury came back and said, "Oh, Mr. President, you know, this is going to be very big. You know, it's going to cost us 40 billion shillings in this budget."
I told them, "Let's do it."
>> The president said his administration is now focusing on alternative and innovative methods of financing development projects without taxing citizens. He defended the government's economic record citing gains affordable housing and universal health care. The head of state further defended recent government interventions in the fuel sector.
>> Today, the Kenya government is subsidizing fuel.
The actual price of diesel should be 273.
It is 232.
We're subsidizing 40 plus shillings for every liter.
We spent 28 billion shillings in the last 2 months.
And we've done it with prudence.
>> At the same time, President Ruto assured Kenyans of a peaceful election despite rising political activity.
>> And we are going to have elections.
And they will be peaceful.
And there will be no violence.
Kama Mungu amemua Ruto will get a second time, he will.
Kama Mungu amemua vingine, that's what will happen. And we will move on as a country.
Yes.
>> [applause] >> So, relax.
There is no problem.
>> The president's remarks came as leaders attending the prayer breakfast call for tolerance, reconciliation and political restraint ahead of the next election cycle.
>> Political competition should never be enmity.
It should just be but competition.
Because when we finish competing, we have a country to look after.
>> That we keep it as a practice, as a tradition, as a custom to bring the nation together to pray to God, to seek forgiveness, to seek reconciliation.
>> President Ruto was the opponent of my brother in the last elections. I never ever dreamed that I will ever sit down with him across the table because I believed, maybe wrongly, that he stole my our election.
But but today we are together in a broad-based government.
>> Ben Chumba Prime Edition >> [music]
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