Ndindi Nyoro has accused President William Ruto of jeopardizing the country's future

A Kiharu MP named Ndindi Nyoro has accused President William Ruto of jeopardizing the country's future with his government's opaque financing plan. He claimed that more than Sh469 billion was collected in one year through future taxes and levies without parliamentary approval. The former chairman of the Budget and Appropriations Committee cited the Sh44.7 billion outstanding bonds issued by Linzi Finco to finance the construction of the Talanta Sports Stadium, the Sh175 billion borrowing through the securitization of the fuel levy, Sh50 billion for the intelligence agency, and Sh200 billion for internal security, which, he emphasized, were not utilized. The question of whether William Ruto's fiscal policy truly jeopardizes Kenya's future is complex and is the subject of intense debate in Kenya and internationally. There are both supporters and critics of his approach. The main points of the fiscal policy and the associated concerns are: An aggressive tax policy and the need to increase revenue. Ruto has emphasized the need to increase tax revenues to reduce reliance on borrowing and advance fiscal consolidation. The Finance Bill 2025 contains several amendments aimed at broadening the tax base and streamlining tax administration. The concerns are manifold. Critics fear that the aggressive tax increases contained in the originally proposed Finance Bill 2024 (which was partially withdrawn after protests) and the current Finance Bill 2025 could burden the economy, reduce citizens' purchasing power, and dampen business activity. There have also been criticisms of a lack of transparency and public participation in the development of these measures. Ruto is focusing on infrastructure and social programs (Bottom-Up Economic Transformation Agenda - BETA). His government prioritizes spending on key areas such as health, education, food security, youth development, and affordable housing. The bottom-up economic model is intended to strengthen small businesses and farmers. And again, there are concerns. Financing these ambitious projects requires significant resources. Although the government has announced austerity measures and efficiency improvements, the question remains whether revenues will be sufficient and whether the projects can be financed sustainably without further increasing the debt burden. Kenya has a rising national debt. Kenya has the highest debt service cost-to-revenue ratio in the world. A significant portion of government revenue goes towards servicing interest payments. The government still plans to borrow, both externally and internally, to cover the budget deficit. Concerns are inevitable with this move. Rating agencies such as Moody's have downgraded Kenya's credit rating due to increased debt and the limited ability to implement tax-based fiscal consolidation. Continued reliance on loans poses the risk of a debt spiral, especially in an environment of high global interest rates. There are also concerns that official debt statistics understate the true financial situation. Transparency and the fight against corruption are impossible in Kenya. President Ruto has advocated for transparency in the allocation of housing and the use of funds. However, his administration has also been plagued by allegations of corruption and scandals. There are concerns here too. The extent of corruption in Kenya remains a major concern. When funds are used inefficiently or lost through corruption, it undermines the country's fiscal policy and ability to achieve its development goals. Critics accuse the government of failing to take sufficient steps to combat corruption, which could undermine investor and citizen confidence. In short, William Ruto's fiscal policy aims to increase tax revenues and reduce reliance on loans while attracting investments in key sectors of the economy. However, there are significant concerns about the sustainability of the debt, the impact of fiscal policy on the economy, and the ongoing challenge of corruption. Whether these policies "put Kenya's future at risk" depends on how successfully the government achieves its goals, how efficiently funds are used, and whether it succeeds in maintaining public and investor confidence. The debate on this is ongoing and is likely to remain a central theme in Kenyan politics and business. @https://www.standardmedia.co.ke/national/article/2001525203/nyoro-accuses-ruto-of-gambling-countrys-future-in-finance-deals  @https://www.facebook.com/capitalfmkenya/posts/president-william-ruto-has-assured-kenyans-that-the-allocation-of-affordable-hou/1150299467137430