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World Bank sees strain in new taxes push, reforms after GenZ protests
The government is counting on the broadening of the tax base and technological transformation to increase revenues in the absence of new taxation measures.
The World Bank Group expects President William Ruto’s government to face difficulties in introducing new taxation measures and other policy interventions in the shadows of the youth-led anti-government protests.
The multilateral lender has deemed the June uprising against the Finance Bill, 2024 as a ‘loss of political capital’ for the Kenya Kwanza administration, which has failed to address key grievances among the public including graft and high unemployment among the youth.
