President William Ruto says the government will re-evaluate the country’s Budget to manage the increasing public debt.
Speaking during the funeral service of Deputy President Rigathi Gachagua’s brother Jackson Reriani Gachagua in Mathira, Nyeri County, the head of state expressed concern that the country’s national debt was standing at Sh10 trillion.
“We must reduce this kind of borrowing because we have accumulated a huge debt that is overburdening Kenyans,” Ruto stated.
The Head of State is now calling on legislators to support budget cuts proposals that will be submitted to Parliament in due course.
He further revealed that the Sh300 billion cut will be effected soon as plans are underway to stop the borrowing that has raised the cost of living in recent years.
The President asked different government agencies i.e the Executive, Parliament, and Judiciary to serve the interests of the people in a bid to achieve a common goal.
“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.
The President also asked leaders from across the political divide to work together for the benefit of ordinary Kenyans, reminding them that the time for politics had elapsed.
Regarding farming, President Ruto said the Government will invest in value addition and agro-processing to boost farmers’ earnings.
“We want to organize farmers around cooperatives and SACCOs. That way, they will reap many benefits from farming,” said Dr. Ruto.