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The Kenya Finance Bill 2024 was a piece of legislation that proposed changes to the tax system of Kenya, [1] which involves tax increases. [2] The proposed bill aims to raise 346 billion Kenyan shillings (KSh) to pay off debt and fund development projects.
Given that the Finance Bill 2024 was a direct reaction to the demands of the International Monetary Fund and resulting overwhelmingly negative reactions directed at the institution during the protests, IMF's communications director, Julie Kozack apologized to the Kenyans for the resulting bloodshed but reiterated that austerity measures and a ...
The bill failed 198—232 in the House, with far-right Republicans defying McCarthy. [33] The following day, hours before a shutdown was expected to occur, McCarthy announced that he would support a continuing resolution without aid for Ukraine. [34] The House passed the bill under suspension of the rules a few hours later. Nearly the entire ...
Kenya's Court of Appeal on Wednesday declared the government's 2023 finance law unconstitutional, inflicting a new blow to the government of President William Ruto who withdrew this year's finance ...
The 2024–25 Pakistan Federal Budget is a financial statement of the government's estimated receipts and expenditures for the fiscal year that runs from 1 July 2024 to 30 June 2025. [ 1 ] [ 2 ] On 12 June 2024, finance minister Muhammad Aurangzeb presented the federal budget with a total outlay of Rs18.877 trillion. [ 3 ]
With a government shutdown narrowly avoided late Friday into Saturday morning, the House and Senate sent a funding bill to President Joe Biden's desk. An initial bipartisan deal was tanked earlier ...
From Boeing's turbulence and a catastrophic hurricane, to Donald Trump's election victory, "Sunday Morning" host Jane Pauley looks back at key events of a year that was monumental.
On 25 June 2024, thousands of protesters stormed the Kenyan Parliament Building in Nairobi in response to the passing of the Kenya Finance Bill 2024, part of a larger series of protests against the proposed tax increases. The protest escalated when the protesters set part of the building on fire. [4]