This video presents a critical analysis of Kenya's proposed Finance Bill 2026, highlighting concerns about fuel price increases (diesel from 196 to 242 shillings per liter, petrol from 214 shillings), new taxes including 5% withholding tax on digital payment platforms and 25% on smartphones, removal of VAT exemptions on digital financial platforms, and a government deficit of 1.1 trillion shillings that may crowd out private sector borrowing. The speaker argues these policies will increase costs for ordinary citizens and businesses while potentially limiting financial inclusion.
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Furaha ya Ruto ni Kuona Wakenya Wakiteseka!!Kiberenge now Reveals!Añadido:
Today at 2:30 Thursday Kenyans went to bed The price of diesel fuel was 196 shillings per liter.
Today at 2:30 in the day 5th of May Thursday Kenyans went to bed at 2:30 a.m.
The price of diesel fuel was 196 shillings per liter.
Someone somewhere has been playing a trick on Kenyans.
Kenyans woke up in the morning The figures on the pump had changed.
Someone somewhere was not sleeping. He said, "These people will know who I am in the morning."
They will know I am not joking.
We woke up in the morning The price of diesel diesel per liter had been increased by 46 shillings. 46 shillings. 46.
The price is now 242 shillings per liter.
Diesel 242 shillings per liter.
The price of super petrol is 214 shillings per liter. It has been increased by 16 shillings.
It has been increased by 16 shillings.
There are people in this country who are not satisfied that Kenyans have suffered enough.
They want to see Kenyans suffering enough.
There are people in this country who are not satisfied that Kenyans have suffered enough.
They want to see Kenyans suffering more.
More.
So, as soon as Ruto hears Kenyans complaining, he will reduce the price by 10 shillings and it will go back to 232.
No Kenyan will complain. Increase it as much as you want.
Even if you want to increase it to 1,000, we don't care. Do it.
But we are waiting for 2027. We will meet you there. We shall meet you there.
No Kenyan will complain now.
You know last time he tricked >> We know that.
At the petrol Okay, and then London, UK.
Petrol in 300 shillings per liter.
That is nonsense.
To me a killing one.
What is the average wage in London in UK?
The average wage in UK is 5 million per year.
The average wage 5 million per year.
The average wage in Kenya is 600,000 per year shillings. You want to compare the two?
What do you care and as a food at a 1 liter of petrol?
If I don't believe he new phone seem a movie a smartphone.
When I propose to wake up exercise duty at 25% on new phones.
What kind of a movie smartphone in the choir movie that you do? Smartphone coming in here in the choir movie that you do.
Imagine a phone you know you need 15,000 you wake up exercise duty. Yeah, 25%.
It will be 30,000 and above.
30,000 and above. Why is that necessary?
I love one I don't get that 5%.
5% they are introducing 5% withholding tax on all digital payment platforms.
Digital payment platforms withholding tax 5%.
There is a withholding tax being introduced of 5%.
16% [clears throat] VAT on all payment platforms.
or any other payment platform I can tell you the providers will will pass will pass the cost to you as the user.
They will pass it to you. For every transaction I love you going to buy 5% customs duty on mitumba.
Paid up front.
Paid up front.
on mitumba Now you want to increase the you want In the last year finance bill.
Then you want to increase your tax by 5%.
Which one?
I love you going to VAT exemption on digital on digital financial platforms.
I love you going to get to know you VAT exemption on digital financial platforms.
Now here VAT exemption on digital financial platforms I love you going to go on digital platforms so that to enable what we call financial inclusion for ordinary people so that the 80 exemption on digital financial platforms in a dollar is all is all is all on to copper on digital platforms the quarter law branch my ears are digging in they are digging in the 80 they are digging in the 80 so so is it going to be introduced it is going to be introduced so that one will lock you away from accessing credit it will lock you away I love Mr. Speaker and I am a listener e Ruto when you are in promise number one year when in this financial in this financial year 2026 2027 and then that one will go on the layer when you are the one who will not be able to share it that that 30,000 and chilling at our own the layer p e at our own the layer p e when you are the one who will not be able to share it that 30,000 and chilling in the financial bill 2026 nothing of that sort of yours in that financial bill it is going to be a way it is going to be a way it is not there it is not there I love you when you are going to go borrow there is a deficit of 1.1 trillion a deficit of 1.1 trillion Ruto to a e at a good deficit budget deficit at a good deficit because I am going to deficit budget deficit at a good deficit it is going to be 700 billion at a good deficit it is too much I will reduce it so that we don't borrow it is 1.1 trillion when you are going to go borrow 1.1 trillion when you are going to go borrow 1.1 trillion when you are going to go borrow Now you want 1.1 trillion to borrow from the bank.
But he doesn't want to borrow from the bank. 87% locally.
Which is 985 billion locally from these banks.
Now when they are going to borrow from these banks they are going to lock out enterprises and business people from accessing loans to expand their businesses or to start businesses because these banks will not give you a loan because these banks have one client who is willing to take loans at a higher interest rate. That client is called the government of Kenya.
And I'm finalizing by saying this.
I'm finalizing by saying in that finance bill about money and sent which is now before parliament.
When I go to where we carry out to give you tax bill give me a bill to give me a message or a email where we are going to you owe KRA 1 million.
Then you you dispute it to say you are wrong.
Bill I was bigger 1 million. When they call to me but they are not proposing what kind of your case in a day or account you have to be frozen.
Account you have to come up with an account equity bank or a circle or a family bank equal frozen. Imagine you are a business person.
Now they but he is proposing to finish your life.
So that you can't you won't continue until Tax filing deadlines in 30th June.
I'm an accountant. I normally do tax filing for very many people.
30th June April I reduce it 30th April.
So my I can't I can't discuss because I'm a teacher.
But what I want to say that this finance bill being proposed by bad See what you thought about the What do I VAT?
What solar batteries? What do I VAT?
No more VAT on stigma. What do I VAT?
What pharmaceutical inputs? That is a very excellent.
But I'm we are going to face bad face to face and tell him that you must remove this. And I'm finishing by saying that people have very many good things to say about you.
But you must die fast. Thank you.
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