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Kenyan societyVox
•67% Informative
Massive protests broke out after Kenya passed a bill increasing taxes on everyday essentials.
President William Ruto said Wednesday he would not sign the controversial bill.
Ruto requested the bill to cover Kenya ’s approximately $80 billion in domestic and external debt.
If Kenya doesn’t pay it, the possibility of borrowing in the future will become more difficult.
Kenya 's economic woes didn’t start recently; the nation’s immense debt stems from an economic boom in the early 2000s .
The government borrowed money from a variety of international creditors but failed to invest those loans in ways that could grow the economy.
Kenya spends about 60 percent of its revenue on debt payments; a third of that revenue goes toward interest.
Protesters have stormed the parliament and called for his resignation.
Even raising capital is a short-term financial fix to the long-term political problems of corruption, waste, and mismanagement.
Efforts to undo those patterns are likely to anger the ultra-wealthy, whose businesses depend on corrupt relationships with the government to thrive.
VR Score
76
Informative language
78
Neutral language
55
Article tone
informal
Language
English
Language complexity
61
Offensive language
possibly offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
no external sources
Source diversity
no sources
Affiliate links
no affiliate links