ANC leader Musalia Mudavadi has raised the red flag over what he termed Jubilee's careless borrowing habits.
Mudavadi said Kenyans are getting poorer due to the rising foreign debts.
According to the Star, the former Deputy Prime Minister said it was worrying that the foreign debt has accumulated to more than Sh2.5 trillion since 2013 yet there is no development to prove for the massive funds.
On Tuesday, the Amani National Congress leader also warned that rampant corruption was not good for the country's economy.
Mudavadi said the vice is to blame for the starvation millions, among other problems facing Kenyans.
"I have always said Kenyans deserve better in this age. The country incurs debts to be paid by the poor yet there are no improved services. So what are you doing?" he said as quoted by the Star.
He said if elected president next year, his administration will not condone graft.
And speaking separately, Suba MP John Mbadi said the debt situation will worsen following plans by the government to float a second Eurobond worth Sh60 billion.
"Before they came to power, the country's foreign debt stood at Sh1 trillion. For the four years they have been in power, the figure has tripled. This endangers the country's key infrastructure projects and stability," he said.
Mbadi also noted that Kenya will be repaying more than Sh800 billion in the next three years compared to Sh365 billion repaid in 2015.