Deputy President William Ruto has made a surprise U-turn to censure the government’s heavy borrowing, which he fiercely defended in the past. In what could cause collision with his boss President Uhuru Kenyatta, Ruto criticised the excessive borrowing saying it is crippling the economy and complicating life for Kenyans. “I think you have all heard that as of today, even the unborn babies owe our lenders,” Ruto said on Sunday. On February 24, 2018, just days before the handshake, Ruto defended Kenya’s rising debt burden and insisted the country has the capacity to pay back. Uhuru’s administration inherited slightly more than Sh1.89 trillion debt from former President Mwai Kibaki’s regime.

Source: The Star February 23, 2021 02:03 UTC