https://en.sputniknews.africa/20240821/kenya-supreme-court-halts-ruling-on-finance-law-to-preserve-budget-stability-1067951672.html
Kenya Supreme Court Halts Ruling on Finance Law to Preserve Budget Stability
Kenya Supreme Court Halts Ruling on Finance Law to Preserve Budget Stability
Sputnik Africa
Last month's ruling was a setback for President William Ruto's government, which previously withdrew the 2024 finance bill amid youth-led protests. Ruto has... 21.08.2024, Sputnik Africa
2024-08-21T17:35+0200
2024-08-21T17:35+0200
2024-08-21T17:44+0200
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Kenya's Supreme Court has suspended a lower court's ruling that declared the 2023 finance law unconstitutional, according to a local media report.The Supreme Court emphasized the need to maintain budget stability until the government's appeal is heard next month. The finance bills, which are submitted to Parliament annually, outline the government's revenue measures, including tax increases.The Supreme Court stated that public interest favors maintaining budget stability pending the appeal's outcome. Hearings on the law's constitutionality are scheduled for September 10 and 11. Meanwhile, the government relies on the 2023 finance law for tax collection, despite ongoing legal challenges and opposition-led protests.The 2023 finance law, which included measures like doubling the value-added tax on fuel, a housing tax, and raising the top income tax rate, was contested after violent protests last year. The government has yet to comment on the Supreme Court's recent decision.
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kenya, east africa, william ruto, international monetary fund (imf), law, court, taxes, politics
kenya, east africa, william ruto, international monetary fund (imf), law, court, taxes, politics
Kenya Supreme Court Halts Ruling on Finance Law to Preserve Budget Stability
17:35 21.08.2024 (Updated: 17:44 21.08.2024) Last month's ruling was a setback for President William Ruto's government, which previously withdrew the 2024 finance bill amid youth-led protests. Ruto has faced pressure from both citizens and lenders like the IMF. He insists tax increases are essential to fund development and manage public debt.
Kenya's Supreme Court has suspended a lower court's ruling that declared the 2023 finance law unconstitutional, according to a local media report.
"The conservatory orders are necessary to avoid potential operational disruptions in government activities," the Supreme Court noted in its ruling.
The Supreme Court emphasized the need to maintain
budget stability until the government's appeal is heard next month. The finance bills, which are submitted to Parliament annually, outline the government's revenue measures, including tax increases.
The Supreme Court stated that
public interest favors maintaining budget stability pending the appeal's outcome. Hearings on the law's constitutionality are scheduled for September 10 and 11.
Meanwhile, the government relies on the 2023 finance law for tax collection, despite ongoing legal challenges and opposition-led protests.
The 2023 finance law, which included measures like doubling the value-added tax on fuel, a housing tax, and raising the top income tax rate, was contested after violent protests last year. The government has yet to comment on the Supreme Court's recent decision.
