Kenyan President William Ruto says he won't sign into law a finance bill proposing new taxes a day after protesters stormed parliament and several people were shot dead.
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00:00We have made significant progress in pulling the nation back from the brink of debt distress.
00:08Our debt situation is better managed and our budget now has space for investment and in
00:16programs aimed at easing the hardship on vulnerable people and creating opportunities for our
00:23young people.
00:24I am listening keenly to the people of Kenya who have said loudly that they want nothing
00:35to do with this Finance Bill 2024.
00:39I concede and therefore I will not sign the 2024 Finance Bill and it shall subsequently
00:54be withdrawn and I have agreed with these members that that becomes our collective position.
01:04Accordingly, there is a need for us as a nation to pick up from here and go into the future
01:16and I am therefore proposing that because we have gotten rid of the Finance Bill 2024,
01:26it is necessary for us to have a conversation as a nation going forward.
01:35How do we manage the affairs of the country?
01:40Together.
01:42How do we manage our debt situation?
01:45Together.
01:47How do we work on the budget with the deficits that now exist?
01:53Together.