Deputy President William Ruto has hit out at President Uhuru Kenyatta over the rising public debt, saying the country does not have to borrow from the Chinese, to fund its development programs. Speaking in Tala, Machakos county, the DP said Kenya has enough taxpayers able to sufficiently oil the countryé economy and spur its growth.
”We are changing our economic model so that it is no longer trickle down where few people benefit. Our agenda ensures we can expand the number of taxpayers in the country, we can raise sufficient money, we can have more savings. We do not have to borrow from the Chines to run our nation,” the DP said.
In the ending week, Kenya received a $750 million loan from the World Bank to support its budget and help the East African economy recover from the effects of the COVID-19 pandemic, the multilateral lender said on Friday.
The government has been pushing hard to secure foreign funding to fill a wide budget deficit before its financial year closes at the end of this month. The $750 million disbursement is part of World Bank’s Development Policy Operations (DPO), which lends cash for budget support instead of financing specific projects.
Ruto, who was accompanied by Nakuru Senator Susan Kihika and former Machakos senator Johnstone Muthama also hit out at Kitui Governor Charity Ngilu who urged former NASA principals to join hands, if they wanted to beat the DP in 2022.
”Join hands and tell Kenyans what your agenda is. Do not join hands because you want to beat Ruto, wht happens if you fail? Kenyans do not want to know which leader joined hands with who, they want to know what it is in it for them, in your unity,” the DP said.
On Friday, Governor Charity Ngilu urged ODM leader Raila Odinga and Wiper boss Kalonzo Musyoka to join hands to capture power in 2022. She was speaking in Kibwezi during the burial of former Kibwezi MP Kalembe Ndile, which was also attended by Mr. Odinga and Mr. Musyoka.