Africa-Press – Kenya. President William Ruto has declared that his Kenya Kwanza administration has stabilised the economy which he said had been ruined by massive debts.
The head of state, who has repeatedly insisted that his Bottom Up Economic Transformation (BETA) will change Kenya, said the country is in safe hands and stable going forward.
Speaking for the first time on the positive progress of the country’s economic trajectory, Ruto said it has taken a a lot of effort and strategy.
“We were in a situation where we were deep in debts and did not have a programme to get us out of the mess…I am now happy to tell you that we have stabilised the economy of the Republic of Kenya,” Ruto said.
The president revealed that the good progress has been made possible by blocking any more reckless borrowing by the government.
“We have made sure that we have stopped borrowing, left, centre and right,” Ruto said during an interdenominational church service at Sagana State Lodge on Sunday.
“When we tabled our 2023-24 budget, we made sure that it would not be a budget of borrowing and I told this young man Ndindi Nyoro, the chairman of the budget and appropriations committee to made sure that we did not have such a budget.”
The President said that his administration rejected nearly half a trillion in debts that were planned for in the past budget.
“We must build this country on the solid foundation….we have now stabilised the economy,” Ruto said.
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