Kiharu Member of Parliament, Ndindi Nyoro, has raised concerns over President William Ruto’s borrowing practices, alleging that the current administration is borrowing significantly more than former President Mwai Kibaki. Nyoro warns that this trend could lead Kenya into a debt crisis.
Nyoro’s remarks come amid growing concerns about Kenya’s escalating public debt, which has reached unprecedented levels. The National Treasury has been criticized for missing revenue targets and for what some perceive as reckless borrowing and spending.
In response to these concerns, Nyoro has called for a reevaluation of the government’s borrowing strategy and a renewed focus on sustainable debt management practices. He emphasizes the need for transparency and accountability in the allocation and utilization of borrowed funds to ensure that they contribute effectively to the country’s development goals.
As the debate over Kenya’s borrowing practices continues, Nyoro’s statements highlight the importance of balancing fiscal responsibility with the need for development financing. The government’s approach to debt management will likely remain a key topic of discussion among policymakers and the public in the coming months.