Ruto Unveils Economic Measures on Mashujaa Day
President Ruto announces new economic plans
President William Ruto has unveiled new economic measures aimed at boosting growth and putting more money in the pockets of Kenyans.
New Proposals
- Exempting Kenyans earning KSh32,333 or less per month from Pay As You Earn (PAYE) income tax
- Exempting land and property transactions valued at KSh1 million or less from stamp duty
- Abolishing 25% import duty on mobile phones
- Expanding the Public Service internship programme to 50,000 young Kenyans
These measures are part of the government's efforts to consolidate gains made in key sectors of the economy and provide relief to workers on modest incomes.
Source: KBC Digital. AI-assisted summary.
