President Uhuru Kenyatta has enjoyed a good time with China throughout his tenure.
Through his ‘romance’ with China President Uhuru has acquired loans which are now choking Kenyans.
The cries of Kenyans have finally reached the heavens maybe.
Emgwen MP Alexander Kosgei is now proposing to table a bill that will act as restriction to how the state is borrowing.
According to Hon Alex Kosgei, Kenya’s public debt is now more than 5 trillion shillings with each Kenyans owing debtors at least Ksh130,000. According to stats by the National Treasury, by the year 2022, Kenya will be owing to the world at least 7.2 trillion shillings.
MP Kosgei has told Kenyans that he will table a Bill that limit the amount of money the country can borrow both internal and external.
“Fellow Kenyans, I am proud to present the Public Finance Management Bill before Parliament this afternoon. This Bill will provide a specific limit of the amount that the Government may borrow in order to reduce the country’s external and internal debt,” Hon Alex Kosgei has stated through his twitter handle.
This Bill if it sails it will be a Saviour to Kenyans who have stormed the internet to express their dissatisfaction on the rate at which the government is borrowing.
The reactions are wild.
Here are a few reactions