Kiambu Town MP Jude Njomo has defended the Jubilee government against claims of excessive borrowing.
The MP says that the government external borrowing is within limits, adding that opposition politicians want to derail the government development agenda through petty politics.
Speaking to journalists at Parliament Buildings in Nairobi on Tuesday, Njomo said that government borrowing is being used to finance key projects that will create returns once completed.
He claimed that opposition politicians are envious of the government and want to derail its agenda by politicizing its projects.
“The government debt is within range and there is no need for alarm as being created by some opposition politicians,” he said.
Njomo noted that the international debt range is pegged at 70 percent adding that Kenya has only borrowing standards at 54 per cent.
He said that the government has to borrow to finance key projects and ensure equal development across the country.
He asked the opposition to stop feeding Kenyans with lies adding that the government cannot plunge the county into an economic crisis.
The government has been under criticism with a section of opposition politician’s accusing it of excessive borrowing.
The opposition politician’s allege that much of the money being borrowed ends up in some individual pockets instead of financing projects.
The Jubilee administration has been under criticism how Sh202 Billion Eurobond was utilized.
Opposition leader Raila Odinga has been alleging that a huge percentage of the Eurobond ended up in individual pockets.
Last week, International Monetary Fund (IMF) officials raised concerns over Kenyans runaway debt burden.
Appearing before a parliamentary committee on Thursday week, the official said that Kenyans excessive borrowing amid huge revenue deficit is worrying.
The IMF officials warned that the country risks losing investors if the runway debt is not contained.
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