Kenya Faces Economic Turmoil After Finance Bill Rejected

President Ruto warns of severe consequences as Kenya struggles with $80 billion debt amid public outcry and IMF pressures.

Kenya's finance bill aimed at addressing debt was withdrawn following deadly protests.
President Ruto plans to slash a $2.7 billion budget deficit and close nearly four dozen state enterprises.
Public dissatisfaction centers on rising taxes and the luxurious lifestyles of senior officials.
Economists suggest focusing on economic growth and investment rather than further borrowing.
The IMF's role in Kenya's economic policies has sparked significant public backlash.