After wasting a whopping Sh4 billion on luxuries to celebrate their win, RUTO and GACHAGUA ask Kenyans to be patient as the country is now broke

 

Friday, February 10, 2023 – National Treasury Cabinet Secretary Prof. Njuguna Ndung’u has revealed that the country is officially broke.

In a statement, Ndung’u conceded that the country’s economy is in the doldrums, citing a lack of resources to finance key public expenditures. 

He noted that Kenya is in a financial hole, saying the available resources were less than the listed expenses.

He asked Kenyans to be patient with President William Ruto’s government, saying it might not be able to meet its promises in time due to financial constraints.

His concession on the State of the country’s economy dampens hopes of reduced cost of living for millions of Kenyans, currently in distress. 

“Ukiwa unaishi kwa hii nchi unajua ile matatizo ya hela iko hii nchi, it is something we have to resolve, we have a resource constraint…hatuna hela, lazima tujisaidie. Lakini tukipata hela, yote yatawezekana…tumetoka mbali, huo upungufu utakwisha, hatuwezi sema utaisha leo au kesho, lakini tutakuja kutatua hiyo shida…,” said the Treasury CS on Wednesday.

“Tuna upungufu, lazima tutulize, tungojee mpaka wakati utafika tuseme tumepata suluhu…bado tuko kwa shimo, lazima tujue hivyo. Kama unaishi hii nchi lazima ujue hivyo…,” added Prof. Ndung’u.

“Hata wewe kwako nyumbani unaweza kuwa broke, lakini si uko na nyumba unakaa? Ni mahitaji yale uko nayo na zile pesa uko nazo unaona hazilingani…? Serikali ni kama kwako nyumbani, uko na mahitaji lakini pesa ya kutosheleza mahitaji yote hakuna. Lakini ukingoja kidogo, ufanye kazi kwa bidi, unapata hela za kutosheleza hayo mahitaji…,” said the CS.

This comes amid revelations that Ruto and his government used a whopping Sh4 billion to celebrate their 2022 win. Treasury has also allocated Ruto’s State House Sh8 more billion, from 24 billion to 32 billion in the supplementary budget most of which goes to entertaining guests.

In his statement on the Financial Year 2022/2023 first supplementary estimates transmitted to the National Assembly, the Cabinet Secretary falls short in actualizing government austerity measures.

Only Ksh.106 billion is proposed for deduction from development spending and reallocation of Ksh.92.2 billion of the funds to recurrent expenditure. 

This leaves the government with savings of only Ksh.13.3 billion.