Editor's Review

Azimio la Umoja leader has claimed that President William Ruto wants to change Kenya's debt ceiling. 

Azimio la Umoja leader Raila Odinga has claimed that President William Ruto is trying to change the country's current debt ceiling.

Speaking on Thursday, June 8 at the Jaramogi Oginga Odinga Foundation, Raila alleged that the Kenya Kwanza administration intends to change the debt ceiling from Ksh 10 trillion to 55 percent of Kenya’s gross domestic product (GDP).

“Quietly Ruto is trying to the country’s debt ceiling from the current absolute number of Ksh 10 trillion to a moving number of 55 percent of GDP,” Raila claimed.

The opposition chief alleged that Kenya Kwanza wants to remove to amend the Public Finance Management Act to sanction the increase of the debt ceiling.

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File image of Azimio leader Raila Odinga. 

Raila also claimed that the current administration wants to move Parliament’s authority to set the debt ceiling to the Ministry of National Treasury.

“Right now they are trying to bring an amendment in Parliament that will remove the parliamentary authority to sanction an increase of debt,” said Raila.

He added, “The tax level is already at 60 percent of the GDP, to beat that violation of the law Ruto wants an amendment to the Public Finance Act to allow the National Treasury and not Parliament to set a new debt ceiling.”