President Uhuru Kenyatta must make serious financial decisions to save Kenyan from plunging into debt crisis to the unforeseen future.
Kenya is currently struggling to pay debt amounting to Sh6 trillion, despite Uhuru having taken over when the country was having Sh1.8 trillion debt.
Saudi Arabia Monetary Authority advisor Mohamed Wehliye now wants Uhuru to adopt a strategic approach to curb the debt crisis.
"We face serious economic issues in 2020. It is no rocket science. All the numbers point to an unfolding debt nightmare. We need a more strategic approach to macro-economic policy instead of piecemeal knee-jerk tactical interventions if we are to save the country," he wrote.
Among others, Wehliye says, Uhuru should abandon his Big Four agenda, which is allegedly being used to swindle money from Treasury.
"President Kenyatta needs to, Abandon Big 4 mantra. It has become an excuse to not commit to fiscal consolidation. Immediately freeze new & yet to commence mega projects including rationalization of the same. Embark on an economic stimulus program supported by tax reforms," he advised.
The senior banker and economist also want Uhuru to appoint a substantive Treasury boss for the sake of sustainability and policymaking
Mr Ukur Yatani, the Labour Cabinet Secretary, is acting as Treasury boss following the dismissal of Henry Rotich.