Tag: debt

Kimunya blames personal debt crisis on extravagant tasks

The vast majority Leader Amos Kimunya addresses a previous push convention in Karen Nairobi. [File, David Njaaga, Standard]

A senior member of the Jubilee Party has blamed Kenya’s present financial debt load on what he phone calls Jubilee administration’s populist jobs commenced between 2013 and 2017.

Countrywide Assembly Vast majority Leader Amos Kimunya reported the projects are undertaken by the governing administration in President Uhuru Kenyatta’s first term, and which ended up financed by debt, are costing the nation.

Among 2013 and 2017, he stated, the commitments made to electrify the place or extend railway traces did not aspect in the price tag.

“There have been a large amount of populist difficulties that have been brought in that are costing us and have increased the country’s credit card debt stress,” he said on Tuesday evening on Citizen Television.

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Pointing out the enlargement of Standard Gauge Railway