According to President William Ruto, borrowing will continue “regardless of what and who writes what.”
However, he asserted that compared to the time of former President Uhuru Kenyatta’s government, borrowings will proceed more cautiously.
Speaking at a church service in Narok, he said that upon taking office, he sought to lower the country’s overall borrowing from Sh900 billion to sh600 billion.
“When I came in we said we have to reduce on borrowings, we have now cut down Sh300 billion and we are going to continue reducing it every year until that time when our budget is sustained by our own taxes,” said Ruto.
Ruto defended his decision to seek loans, which had totaled Sh137 billion over the last three months. He claimed that he would not be sidetracked.
According to Ruto, reckless borrowing is a trap that might destroy the nation’s economy.
Kiharu MP, Ndindi Nyoro had blasted the media for what he called inaccurate reporting on the loans the government has so far acquired.
Nyoro demanded truthful reports without naming names, claiming that not even a fourth of the amount mentioned had actually been borrowed as claimed.
“When you want to write about loans it is good to tabulate for Kenyans to see, andika wenye wamekopesha, ile siku wamekopa na uandike ni pesa ngapi so that we have the correct information,” he said.