- A new report has disclosed that President William Ruto’s administration has been borrowing an average of Ksh 570 million per day.
- Despite earlier promises to cut borrowing, the government continues to rely on loans to finance key projects.
- The revelation has sparked concerns over Kenya’s rising debt burden and long-term economic sustainability.
President Ruto campaigned on a platform of reducing Kenya’s dependency on debt, vowing to prioritize domestic revenue generation.
However, new data shows that the government has continued borrowing at an alarming rate, averaging Ksh 570 million daily.
The latest figures raise questions about Kenya’s ability to manage its debt, especially as loan repayments take up a significant portion of government revenue.
Economic Sustainability in Question
Experts warn that sustained borrowing could push Kenya into deeper financial strain, forcing the country to divert resources meant for development into repaying loans.
Economists have urged the government to explore alternative revenue streams, such as expanding the tax base and reducing unnecessary expenditures.
Public Concern and Political Reactions
The report has ignited fresh debate, with critics questioning the administration’s fiscal policies.
Many are calling for greater transparency on how the borrowed funds are utilized and whether they contribute to economic growth.
As pressure mounts, all eyes are on the government to see if it will take concrete steps to curb borrowing and implement sustainable financial policies.
