DP Ruto and National Treasury Cabinet Secretary Henry Rotich at a past event.Ruto has defended the government over allegations that it is over borrowing.[Photo/Mediamaxnetwork.co.ke]Deputy President has defended the Jubilee government over allegations that it is over-borrowing.
Speaking in an interview on Citizen TV Sunday, Ruto said that the government is justified to acquire loans as the money is invested into development and infrastructural development that will improve Kenyans’ lives in the near future.
‘’We have used the borrowed money to stimulate the country’s economy and that is acceptable. It would be wrong if we would be using it for consumption or paying salaries but that’s not the case,’’ he said.
The DP also denied allegations that most of the borrowed money ends up in the pockets of individuals saying that all of it is put into good use for the benefit of the nation.
‘’All the money we acquire from both international and local lenders is put into good use,’’ he said.
This however comes at a time when the government has found itself on the receiving end from the opposition block NASA which has accused it of developing unprecedented appetite for loans most of which it has alleged has ended up being stolen and looted by top government officials.
Jubilee government, in its recently launched manifesto has pledged to recover from the debt and generate 1 trillion shillings in savings should it be re-elected into office.