OUR DEBT AS A COUNTRY IS GETTING OUT OF HAND. WE NEED AN ECONOMIST AND NOT A TOKENIST… TO PULL US OUT OF THIS PIT

By Peter Amunga

An article in today’s STANDARD states,and I quote..

_Everyone has been warning us to be careful of our growing debt obligations, both domestic and external. The IMF, World Bank, the international credit rating institutions, our Controller of Budget, the Parliamentary Budget Office and many Kenyans have been warning us.

_Sometimes I wonder if the Treasury mandarins are scared of standing firm and explaining to the president that we have a fast approaching problem. It is by being vague on such a major issue is tantamount to what the proverbial Ostrich did. Burrying it’s head in the sand

The only leader who speaks on this matter often is Musalia Mudavadi. All other financial institutions, at various points in time, did warn us. So that we should now set aside suggestions that we need not be concerned about this matter.

Yet there is more. I read recently that we might hit our revised debt ceiling of Sh 9 trillion a lot sooner than previously imagined. This tends to suggest that this issue now receive urgent, deliberate and consistent attention.

Challenges of such magnitude, in my own experience, rarely resolve themselves. They need to be taken head on – with something akin to fierce determination..

Again, the issue of will and way arises. For there is clearly a needful in need of doing here.

The wheelbarrow narrative or The Hustler way of doing things cannot address a serious issue like a dwindling economy. What our deputy president is doing by inviting people to his residence and giving tokens is akeen to giving a a cancer patient pain killers and NOT treating the cancer.

CONCLUSION

Kibaki still stands out as a Kenyan leader who addressed the economy. He completely stopped the tokenism mentality that former president Moi had entrenched in Kenya and which had killed the economy. The,only finance ministers during Nyayo era who turned economy around was Kibaki and Musalia.

DP and his Hustler movement is re-inteoducing that Mentality. It is like we are going back to Nyayo era. We need a Kibaki to stop tokenism and wheelbarrow thinking. To me, that person is former finance minister MUSALIA MUDAVADI.

AmungaPETER

Published by MWALIMU Amunga Akhanyalabandu

Passionate about Advocacy on the REAWAKENING teachers in Kenya and reporting on the MULEMBE Nation. Having worked at the Kenya National Union OF TEACHERS in the advocacy department, I will be able to detail and explain about the welfare of teachers and their point of view on socio economic and political matters. Luhyia are the 2nd most populous ethnic group in Kenya. They are blessed with great land, topography, climate, resources and human Resource. We are also keen on Luhya Renaissance is about making the Mulembe People aware of their blessings, appreciating those blessings, defending them and putting them to proper use for the current and future generations.

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