David Ndii Alleges Corruption by Past Regimes Forced Govt to Come Up With Controversial Finance Bill

A photo Government Economic Advisor David Ndii
A photo Government Economic Advisor David Ndii
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David Ndii

The Chairperson of the Presidential Council of Economic Advisors, David Ndii, on Saturday, June 22, addressed the controversy surrounding this year’s Finance Bill.

Taking to his X account, the economist accused past regimes of plunging the country into huge debts through corruption.

He noted that the huge debts forced the government to come up with the Finance Bill 2024 to help alleviate the country’s debt levels.

“The irony of these cool kids protesting Finance Bill they are clueless about is many are children of the plunderers who’ve bankrupted the State,” Ndii claimed.

Treasury Cabinet Secretary Njuguna Ndu'ngu (left) and Treasury Principal Secretary Chris Kiptoo (centre) preparing to submit proposed budget to the National Assembly
Former Treasury Cabinet Secretary Njuguna Ndung'u (left) and Treasury Principal Secretary Chris Kiptoo (centre) preparing to submit the proposed budget to the National Assembly
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National Treasury and Economic Planning

According to Ndii, part of those demonstrating against the bill were children of some of the corrupt officials in the past government systems.

“You want to know where the money went? Look around you, visit your aunties, ask your parents. It bought the houses, the cars, the holidays, paid your college,” Ndii stated.

"The thing with you, class warfare worked once, now you think class warfare has a second charm with the younger folks."

Ndii reiterated that the government would not be intimidated through street demonstrations to change its stance on the Finance Bill 2024.

He further urged the protesting youth to concede and support the government's proposed tax measures that he claimed sought to revitalize the country's economy.

“Here is the low down. The country is going to change and you are welcome to join, but be careful where you throw stones," David Ndii commented.

David Ndii's sentiments come against the backdrop of the recent demonstrations by Kenyans against the contentious bill.

For a better part of the week, Kenyans across the country took to the streets to protest against the bill and called on their legislators to clamp down on the proposed tax measures.

However, despite the intense protests, the bill sailed through to the next stage after 204 Members of Parliament voted in its favour.

MPs in Parliament during the Budget 2024 reading.
MPs in Parliament during the Budget 2024 reading.
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Parliament
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