The Mountain Journal
editor@themountainjournal.co.ke
Kiharu MP questions government excessive borrowing
The Mountain Journal
editor@themountainjournal.co.ke
Kiharu MP Ndindi Nyoro has raised concerns over Kenya’s rising public debt, stating that the country has borrowed nearly KSh 4 trillion in net new debt since August 2022.
Ndindi, the former National Assembly Budget and Appropriations Committee chairman argued that the Sh 4 trillion could have fully funded free education from primary to university level, expanded road networks, supported water and irrigation projects, and delivered electricity and other essential infrastructure across all constituencies.
Speaking during burial to mother to Thika High School Principal, Mr Joseph Muraya in Kiamuturi village, Mathioya, Murang’a County, the MP explained that the figure excludes loans taken to repay existing debt, insisting it represents fresh borrowing that Kenyans should be able to see reflected in tangible development projects.
He questioned the government’s plan to launch a KSh 5 trillion fund, urging leaders to first account for how the previously borrowed funds were utilised.
Ndindi also warned that mechanisms such as leveraging, securitisation, and crowding-in risk pushing the country into further debt without adequate public scrutiny.
“Kenya’s public debt is already approaching KSh 13 trillion, and creating new financing structures outside the traditional debt framework could place an additional burden on future generations,” he said.
He called for transparency, public engagement, and accountability in all government borrowing, saying Kenyans deserve clear explanations before the country takes on more debt.
