Mathare MP Anthony Oluoch has questioned the Kenya Kwanza Government's efforts to stabilize the economy and lower the cost of living.
“We are saying that the GDP has stabilized and that we are now more credit worthy, all these things should zero in terms of, have Kenyans reaped the benefits of reduced costs of basic commodities, the answer is no,” Oluoch said.
During an appearance on the Citizen TV Show, Oluoch also questioned President William Ruto's commitment to reducing the country's loan dependency.
"This government justified the reasons for raising every tax in order to reduce our reliance on debt." However, our debt has climbed from Ksh.8.7 trillion to Ksh.10.58 trillion since I last checked. "How do we strike a balance?" he wondered.
The MP also emphasized the importance of taking a more balanced approach to achieving economic growth and responsible debt management.
Recognizing global disruptions such as undeclared debts and the Ukraine conflict, Oluoch emphasized the significance of interventions to address these issues, criticizing pleas for patience without addressing the immediate needs of ordinary Kenyans.
Eldas Member of Parliament Aden Keynan reassured the public that, while the administration's changes may cause discomfort in the short term, they promise tremendous long-term rewards.
Keynan stated that the Kenyan Kwanza Government is still in the early stages of development and assured Kenyans that the current troubles are just transitory.
According to Keynan, the effects of recent tax revisions may take some time to manifest.
According to Treasury figures, total public debt increased by a record Ksh.1.56 trillion in the fiscal year ended June 30 to Ksh.10.1 trillion, above the debt ceiling of Ksh.10 trillion.
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