He emphasized a paradigm shift in handling national issues with bold and decisive decisions. We decided to cut expenditure by up to Sh 400 billion to reduce our borrowing. We decided to enhance our tax revenues by Sh 600 billion to fund our programs and development, safeguarding our sovereignty and independence. Ruto highlighted the country’s achievements, including overcoming economic threats, securing space with sovereign debt obligations, and reducing inflation to 6.8 per cent. The President said that his administration had ended consumption subsidies to address financial distress and redirected focus to support production.

Source: Daily Nation December 31, 2023 18:09 UTC