Kenyan president William Ruto now says that his Government is planning to re-evaluate the country’s Budget to manage the ballooning public debt.
The President said he was keen on reducing the country’s expenditure to ensure it is manageable.
Dr Ruto expressed concern that the country’s national debt was standing at Ksh 10 trillion, saying efforts must be done to reverse the trend.
“The current budget is forcing us to borrow Ksh 900 billion. We must reduce this kind of borrowing because we have accumulated a huge debt that is overburdening Kenyans,” said Dr Ruto.
The Kenyan head of State called on legislators to support budget cuts proposals that will be submitted to Parliament in due course.
He said the Ksh 300 billion cut will be effected and that plans are underway progressively to stop the borrowing spree that has raised the cost of living in recent years.
Ruto spoke during the funeral service of his deputy Rigathi Gachagua’s brother Jackson Reriani Gachagua in Mathira, Nyeri County.
Dr Ruto asked leaders to focus their energy on fulfilling campaign promises.
Mr Ruto said he will lead the Executive in serving the interests of the people, saying Parliament and Judiciary should also do their bit.
“The Executive will do its bit. I ask the Legislature to do its part, the Judiciary to do its part so that we do right for our citizens,” he said.
He also asked leaders from across the political divide to work together for the benefit of ordinary Kenyans, noting that time for competitive politics was over.
He added that his Government will invest in value addition and agro-processing to boost farmers earnings.
“We want to organise farmers around cooperatives and saccos. That way, they will reap many benefits from farming,” said Dr Ruto.
The Kenyan head of state thanked Mt Kenya for leading the country in ridding the country of ethnic politics.
“As a result, Kenya is now respected as a country where people go to the election and go to work the following day,” he said.
Mr Gachagua said he will diligently perform his duties as the President’s principal assistant to ensure he succeeds.
“I want to confirm to you that whatever duties you give me, I will execute them with precision,” said Mr Gachagua.