Kenyan President William Ruto’s fiscal policy is facing challenges as a judicial panel begins hearings on petitions against his proposed tax hikes, particularly on fuel. Rating agencies have warned that Kenya may face credit downgrades if some financial measures are perceived as defaults. The public debt has exceeded a ten trillion-shilling ceiling, and a proposal to set the debt anchor at 55% of GDP is pending legislative approval. Notably, the country faces a USD 2 bln Eurobond maturing in 2024.