{"id":109050,"date":"2023-12-17T18:39:45","date_gmt":"2023-12-17T18:39:45","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/all-news\/why-i-cant-lower-taxes-ruto-explains"},"modified":"2023-12-17T19:38:44","modified_gmt":"2023-12-17T19:38:44","slug":"why-i-cant-lower-taxes-ruto-explains","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/why-i-cant-lower-taxes-ruto-explains","title":{"rendered":"Why I can’t lower taxes – Ruto explains"},"content":{"rendered":"

Africa-Press – Kenya. <\/strong><\/span>President William Ruto has told Kenyans point blank that taxes will not be lowered anytime soon.<\/p>\n

In a press conference with several media houses on Sunday at State House, Nairobi, Ruto said he cannot lower taxes because the government will grind to a halt.<\/p>\n

The Head of State said the country is facing a tough economic time owing to the current debt situation that has necessitated the existing taxes.<\/p>\n

“In every Sh10 that I am collecting, Seven go to taxes. Do you want me to go the direction other countries are going by defaulting on loans?” he said.<\/p>\n

“While it is true that tomorrow I can say let us reduce the taxes, it is also true that tomorrow for every Sh10 I collect, Sh7 goes to paying debt.”<\/p>\n

President Ruto said the only option is for Kenyans to pay the taxes for the country to remain afloat.<\/p>\n

He said it is from the collected taxes that they can meet the day-to-day operation of the government.<\/p>\n

“Those taxes we are collecting we have the education to fund, Sh7 to 10 to pay the debt which William Ruto did not accumulate,” Ruto said.<\/p>\n

“Are you telling me to tell teachers that I have no salary for them this month because I had to reduce the taxes on fuel?” he posed.<\/p>\n

President Ruto assured Kenyans that he country is finding its balance and is now out of debt distress.<\/p>\n

“That is the truth. If I wasn’t president, the kind of decisions I have made, very difficult, Kenya would not have been the same. Very painful decisions, I know they will cost me, but it is better to make them now than get Kenya into debt distress,” he said.<\/p>\n

Ruto added that there are countries that have fallen into a debt trap, a situation he would not wish for Kenya.<\/p>\n

“There are almost eight countries in our continent including one that went into debt distress that I won’t mention. That is the worst thing that can happen to any country,” he said.<\/p>\n

“The difficult part is still there and we still have to navigate.”<\/p>\n

For More News And Analysis About Kenya<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Kenya. President William Ruto has told Kenyans point blank that taxes will not be lowered anytime soon. In a press conference with several media houses on Sunday at State House, Nairobi, Ruto said he cannot lower taxes because the government will grind to a halt. 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