President William Ruto on Thursday, January 11 revealed Kenya's debt burden is the biggest challenge he has faced since assuming power in September 2022.
Speaking at State House Nakuru while meeting a section of Jubilee leaders Ruto said the challenge has been on his mind for the last year.
The Head of State noted that for every ten shillings collected by the Kenya Revenue Authority (KRA), seven shillings go to servicing debts while three shillings are used for paying salaries and development projects.
“I hear many people saying we have a lot of problems, the only problem we have in Kenya is debts, and that is what has been hitting my head for the last one year because for every ten shillings you collect, seven shillings you use to pay debts, there is a problem because then you are left with three shillings to pay salaries, send to counties and do development,” said President Ruto.
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He mentioned that he plans to have seven shillings from every ten shillings collected to be used to run the country while the remaining three shillings are used to pay debts.
“My intention is that we should flip it, we should be using three shillings to pay debt and seven shillings to run the country and that is my mission,” Ruto added.
The President went on to say debts cannot be used to build Kenya arguing that the country should be built using its resources.
“We have to change our country and I am telling you we are going to change Kenya. The people who are making noise will be the ones clapping for us in the future,” Ruto remarked.
