The government has disclosed a significant financial setback of Sh6 billion attributed to ongoing protests, according to data released by the Kenya Revenue Authority (KRA).
Isaac Mwaura, speaking as a government spokesperson during a press briefing, underscored that the country’s economy has been severely affected by business closures, incidents of looting, and property damage stemming from protests that began on June 18, 2024.
He expressed deep concern that prolonged protests could exacerbate the economic challenges already facing the nation, notably a sh.346 billion tax deficit resulting from the rejection of the Finance Bill 2024.
Mwaura acknowledged the legitimate concerns raised by affected business owners and appealed to young demonstrators to halt their protests.
He highlighted recent governmental actions, such as dismissing cabinet members and pausing new appointments, in direct response to demands made by Generation Z activists.
Mwaura assured the public of President William Ruto’s administration’s dedication to addressing the issues raised by youth and emphasized the importance of constructive dialogue over disruptive demonstrations.
Primarily led by young people, the protests criticize government spending practices and demand increased accountability.
They are specifically calling for the withdrawal of the Finance Bill and have also vocally demanded the resignation of the president, assigning responsibility for the country’s economic challenges to older politicians.
The situation remains tense as the government grapples with both the economic repercussions of the protests and the demands voiced by demonstrators.
Ongoing efforts are being made to achieve a peaceful resolution and restore stability amid escalating public discontent and economic uncertainties.
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