President William has put in place an elaborate framework that aims to bring down the cost of living by targeting a reduction in the annual inflation rate to 5%. This initiative seeks to stabilize prices, making essential goods and services more affordable for all Kenyans.
From the onset, Ruto made eradication of hunger a key priority. This involves implementing comprehensive strategies to ensure food security, including increasing agricultural productivity, promoting sustainable farming practices, and enhancing access to nutritious food for all citizens.
In the plan there is also the ambitious target for job creation, to generate 1,200,000 new jobs annually. By promoting a conducive business environment, supporting entrepreneurship, and investing in key sectors such as manufacturing and technology, the aim is to provide meaningful employment opportunities for Kenyans.
To strengthen Kenya’s fiscal position, President Ruto’s plan focuses on expanding the tax base, aiming to increase revenue collection to 18.3% of GDP by 2027/2028. This entails improving tax compliance, enhancing revenue administration, and implementing fair and transparent tax policies.
President Ruto is also emphasizing improving Kenya’s foreign exchange balance by promoting exports and boosting reserves. The goal is to increase reserves to 6.1 months of import cover, ensuring greater stability in the country’s external finances and reducing vulnerability to external shocks.
Central to President Ruto’s economic agenda is the pursuit of inclusive growth, where prosperity is shared by all segments of society.
The Kenya Kwanza administration is thus implementing policies and programs that address inequalities, empower marginalized communities, and provide opportunities for socio-economic advancement, leaving no one behind in Kenya’s development journey.