Kenya’s budget caught between IMF loans, tax demos

EASayeh

IMF deputy managing director and acting chair, Antoinette Sayeh. PHOTO | POOL

The new Finance Act 2023 has left the government caught between contrasting positions of a restless public opposed to higher taxes and the International Monetary Fund (IMF), which has called for enhanced revenue mobilisation in its credit arrangements with Kenya.

The government is bracing for three days of opposition protests that have been framed around the high cost of living, with the Finance Act 2023 being cited as one of the grievances.

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