World News of Fri, 14 Sep 20180

Kenyan president rejects fuel tax cut

Uhuru Kenyatta Speaking 123456 Kenya's President, Uhuru Kenyatta

Kenya's President Uhuru Kenyatta rejected a finance bill on Thursday, which would have postponed an unpopular 16% tax on fuel for two years. This had led to strikes and widespread anger.

The president will address the matter during a speech later today.

Parliament will also reconsider the bill "together with the reservations of the president" on 18 September, according to a gazette notice signed by the national assembly speaker, Justin Muturi, Reuters reports.

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The levy on all petroleum products was introduced at the beginning of this month.

It is part of a government effort to boost revenue collection and to slim its fiscal deficit and secure a loan facility with the International Monetary Fund.

Kenyans have mounted protests over a new fuel tax that many say is hitting their pockets hard. The government has introduced a 16% value added tax on all petroleum products.

Source: bbc.com

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