Businessman and politician Jimi Wanjigi has sounded the alarm over Kenya’s growing public debt, accusing President William Ruto’s administration of borrowing billions of shillings daily to finance recurrent expenditure.
Speaking during an interview on Citizen TV, Wanjigi warned that the country’s economic troubles would outlive President Ruto unless urgent measures are taken to address the debt crisis.
“The reality is that William Ruto will go, but this problem does not go with him,” Wanjigi said.
He claimed the government is currently borrowing nearly KSh 5 billion every day , equivalent to about KSh 3.3 million every minute.
“This government, the borrowing they are doing per day, is now close to 5 billion shillings per day, 3.3 million shillings per minute, to sustain recurrent expenditure,” he stated.
According to Wanjigi, continued borrowing to fund day-to-day government operations poses a major threat to the country’s economic stability.
He argued that the economy, rather than political rivalry, will be the defining issue in the next General Election.
“William Ruto is facing nothing else in the next election; it is him versus the economy,” Wanjigi remarked.
The outspoken businessman further warned that any future administration would inherit the same economic challenges unless structural reforms are implemented.
“And anybody who sits is going to face the same monster, the economy,” he added.
Wanjigi’s remarks come amid growing public concern over Kenya’s rising debt burden, high cost of living, increased taxation and mounting pressure on government spending.
