President William Ruto underscored Kenya’s achievements in fiscal responsibility, emphasizing significant progress in managing the nation’s debt burden. “Out of every Kshs 100, we have been spending 61 shillings in debt service. We have successfully cleared Kenya’s Eurobond debt of $2 billion (Kshs 350 billion) incurred in 2014,” Ruto announced. This milestone marks a pivotal step towards enhancing financial stability and asserting Kenya’s sovereignty over its economic future.
Looking ahead, Ruto expressed optimism about Kenya’s economic trajectory, citing a more sustainable debt profile that allows for increased investment in social programs and economic opportunities. “Today, Kenya’s debt burden is much less, more sustainable, and we are on course to redeem our country from the discomfort of debt,” he affirmed. This strategic approach aims to alleviate economic pressures on vulnerable populations while fostering an environment conducive to growth and development across the nation.
