In a surprising turn of events, President Ruto has stepped in to address the recent uproar over the proposed increase in the price of bread. Reports indicate that he has instructed the National Treasury and the National Assembly Finance Committee to remove the tax proposal from the Finance Bill 2024.
The proposal aimed to impose a 16 percent tax on bread, which would have resulted in a significant price hike of about Ksh.10 for a 400-gram loaf.
President Ruto has expressed concerns about the potential burden this would place on consumers and has taken action to prevent its implementation.
This decision comes as a relief to many Kenyan households that rely on bread as a staple food item. President Ruto's intervention demonstrates his commitment to addressing the concerns of ordinary citizens and ensuring that essential goods remain affordable.
Stay tuned for further updates on this developing story.
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