Meet­ing IMF half­way, giv­ing tax­pay­ers re­lief

The East African - - FRONT PAGE -

Pres­i­dent Uhuru Keny­atta an­nounced a raft of mea­sures on Fri­day that ap­peared to meet some of the IMF con­di­tions. “I have pro­posed to halve the 16 per cent VAT so that we can al­le­vi­ate the suf­fer­ing of Kenyans. Fur­ther, with the re­al­i­sa­tion that our fund­ing gap is still a chal­lenge, I have pro­posed wide-rang­ing cuts’ in gov­ern­ment spend­ing, as well as aus­ter­ity mea­sures,” he said.

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