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.
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.