Former Treasury Cabinet Secretary Njuguna Ndung’u has strongly criticized President William Ruto’s aggressive tax policies, asserting that high taxes do not foster economic growth. In a recent statement, Ndung’u emphasized that burdening citizens and businesses with excessive taxes stifles economic activity and discourages investment, which is counterproductive to the goal of economic expansion.
According to him, the government’s current tax strategy could lead to a slowdown in growth rather than the intended economic revival.
Ndung’u also hinted at possible external interference in the operations of the Treasury, suggesting that the decision-making process might be influenced by forces outside the government’s control. He warned that such interference could further compromise the integrity of economic policies, leading to ineffective governance and a weakened economy.
His remarks come at a time when the government faces increasing public scrutiny over its tax measures, which have sparked widespread discontent among citizens and businesses alike. Ndung’u’s critique adds to the growing debate on the efficacy of Ruto’s economic policies and their long-term impact on Kenya’s economic future.
By Mamboset