Ruto Announces Sweeping Budget Cuts After Violent Protests | Subscribe to Firstpost 

Ruto Announces Sweeping Budget Cuts After Violent Protests | Subscribe to Firstpost
Kenyan President William Ruto announced sweeping budget cuts aimed at addressing a $2.7 billion deficit. These measures include halving the government’s advisory staff and dissolving 47 state corporations. The cuts will lower government spending by $1.4 billion for the fiscal year that began on July 1. The remaining deficit will be addressed through increased borrowing, raising Kenya's fiscal deficit to 4.6% of GDP, up from the initially targeted 3.3%. The measures follow the withdrawal of a controversial tax hike proposal that sparked violent protests across the country.
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