Home News No complete scraping off of 16% VAT, only a half of it-UHURU

No complete scraping off of 16% VAT, only a half of it-UHURU

[President Uhuru Kenyatta. Photo/Courtesy-PSCU]

President Uhuru Kenyatta on Friday proposed a 50 percent cut off of the 16 % fuel levy saying the move will reduce fuel prices in the country.

In his Friday afternoon national address, President Kenyatta said the move will see a reduction of petrol prices from Ksh. 127 to Ksh. 118 and diesel from Ksh. 115 to Ksh. 107.

The President also explained the gains Kenyans have enjoyed since 2013 when he became the Head of state citing improved universal health care, maternal care, road construction, free primary and secondary education.

He said that over a trillion shillings has been disbursed to counties to improve on service delivery at grass roots level.

He also said that public primary and secondary schools were now receiving text books from the government, a move that was geared towards improving education levels in the country.

The President also revealed that following the signing of a Memorandum of understanding between the Kenya and US governments, direct flights from Nairobi to New York have improved the country’s economy as tourism was gradually picking.

“Kenyan taxes have not gone in vain, we have changed the NHIF cover and improved it to serve Kenyans much better compared to the many years Kenyans did not enjoy the same affordable, universal health services,” he noted.

He said that the mega projects in line with the agenda four were matters at his heart adding that the SGR has improved transport sector in the country thus contributing to the growth of the country’s economy.

President Uhuru also noted that the government will well equip public institutions directly in charge of fighting corruption in the country so as to curb embezzlement of public funds.

The President has returned the amendments of the finance bill 2018 for review by the National assembly.