No more borrowing of funds,Kenya Kwanza leaders tell national treasury

No more borrowing of funds,Kenya Kwanza leaders tell national treasury

BY DPPS,KIAMBU,18TH FEB,2022-Kenya Kwanza alliance leaders led by Deputy President William Ruto have asked the National Treasury not to borrow funds anymore.
They said the country has surpassed the Kshs 9 trillion borrowing limit, a situation they said, puts the country at risk.
Dr Ruto asked those at the Treasury to budget within the country’s income to avoid overburdening taxpayers with debts.
The Deputy President said the country could no longer service more debts as it is already paying 1 trillion every year.
“We want to plan our budget in line with  our income,” said Dr Ruto.
Other leaders included Musalia Mudavadi (ANC), Moses Wetangula (Ford Kenya), MPs Kimani Ichungwa (Kikuyu), Gathoni Wa Muchomba (Kiambu), James Wamacukuru (Kabete), Njuguna Wanjiku (Kiambaa), Charles Njagua (Starehe), Rigathi Gachagua (Mathira), Alice Wahome (Kandara), Ndindi Nyoro (Kiharu), Aden Duale (Garissa), former Starehe MP Margaret Wanjiru and former Kiambu governor Ferdinand Waititu.
Mr Duale cautioned the Budget Committee chair Kani Kega and Majority leader Amos Kimunya against raising the country’s debt ceiling.
The Garissa township MP urged the committee to emulate former President Danniel Moi and President Mwai Kibaki’s governments that left the country with debts of Shs 600 billion and Shs 1. 8 trillion respectively.
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