Economic crisis in Kenya continues

Difficulty in living due to increase in the price of consumer goods, growing frustration towards the government

जेष्ठ २९, २०८२

रासस/एएफपी

Economic crisis in Kenya continues

In the East African nation of Kenya, life has become difficult as the economic crisis continues. About 40 percent of the population here is below the poverty line. Due to the increase in the prices of daily necessities, they have difficulty in living.

 

Last year there was a popular movement against the new tax bill proposed by Kenyan President William Ruto. Even though some taxes have been removed, the financial situation of common people is still difficult. Lack of jobs and corruption are also increasing people's dissatisfaction with the government.

Christine Naswa, a mother of five who sells vegetables on a busy roadside in Nairobi, expressed concern about the country's economic situation. "Now the situation in the country is very weak. There are no people to shop in the market,' said 40-year-old Naswa, 'it is difficult to feed the children. The profit from selling goods is small. Sometimes there is no income at all.

Kenya's economy is based on agriculture, services and tourism. However, investment is needed to achieve the goal of becoming a middle-income nation. Currently, the Kenyan government is dependent on foreign loans. The Kenyan government has not been able to spend on important sectors such as health and education to pay the interest on the debt. On the other hand, the tax burden falls mainly on the formal sector providing employment.

A businessman running a shop in Nairobi said this year has been the toughest in his 36-year business journey. Taxes were increased within a few months of the formation of the new government. But its results have not been seen anywhere," he said.

According to political analysts, President Ruto's many promises made to the people when he came to power have not been fulfilled. "Currently, there is deep distrust towards the government," said analyst Patricia Rodriguez, "Ruto, who came to power by promising to improve people's lives, has felt betrayed when he decided to raise taxes." However, an effort has been made not to increase direct taxes in the budget prepared for the next financial year, so that there will not be a mass movement again. "Now the tax limit has been reached," said economist Kwame Owino, "the public can no longer accept the government's opacity, unproductive debt burden and corruption." 

According to many citizens, the situation in Kenya can improve if corruption is brought under control. However, analysts believe that the problem is deeply rooted. Some citizens are hoping for some improvement from the upcoming elections of 2027. However, based on past experiences, some people still seem disappointed. "We are always winning over the corrupt," said a businessman in Nairobi.

रासस/एएफपी

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