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Mombasa residents hold a peaceful demonstration against the Finance Bill 2024 on June 19, 2024. [Kelvin Karani, Standard]
President William Ruto's retreat on some tax measures could put him at loggerheads with the International Monetary Fund (IMF).
Although the National Treasury had expected to raise Sh346 billion in 2024/2025, the shelving of some of the proposals in the Finance Bill, 2024, could increase the deficit.
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