Kiharu MP Ndindi Nyoro has on Thursday continued with his sustained attack against the government warning President William against overborrowing.
The former Budget and Appropriations Committee Chair called on the Head of State to focus on using the available resources in the country which could generate income for the government.
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“Let us look for other ways that we can raise resources for the country, because if we continue on the borrowing spree, those who carry the pain are our future generation. Those present at the time will have the threat because we will have put a burden that even Kenya cannot pay its debt, and the effects are catastrophic.
We must be very prudent with the management of our debt, whether we like it or not. That is a very great threat that we face as an economy. If you look at the money that we are borrowing, I believe there is another better way we can manage our public resources without adding to Kenyans’ huge debts in future. We are saying that while giving solutions.
I gave a solution the other day, instead of borrowing money that we are borrowing, and these are the things I used to say even when I was serving in the previous position, government assets exist to make money for the government, they don’t exist as jewels.” said Ndindi Nyoro
According to the MP, the current borrowing spree by the government will affect future generations and that the current regime should focus on current resources such as income from Safaricom shares.
“For example, government assets in Safaricom are or going to more than Ksh.300 billion and it was more before. If we value an asset like Safaricom very well, the government can easily get the monies that we are borrowing externally by selling just a portion of Safaricom as an institution.
And the government can still continue influencing decisions at Safaricom through the regulators.” he said
