Jubilee is borrowing Shs 840 million per day but for what?
Jubilee government inherited a public debt totaling to 1.9 trillion from the previous governments, yet today Kenya’s public debt stands at 4.0 trillion, just after 4 years after Jubilee found themselves in the reign of power. Meaning Jubilee has borrowed a total of Shs 2.1trillion in public debt for the last four years alone compared to shs 1.9 trillion accumulated in a span of 50 years.
One of the debts borrowed by Jubilee is the Shs 200 billion Eurobond that supposedly arrived in the country in 2014/2015 financial year. As Raila Odinga puts it, “Hatujahisi harufu ya iyo pesa ya Eurobond! Pesa mingi kama iyo ya Eurobond ikiingia katika economy hii yetu ya Kenya lazima utasikia harufu yake”; where “harufu” in his statement refers to development, real tangible development projects that can be seen, felt, and touched. Development projects that are pegged on serious socio-economic impacts. Eurobond money still remains a mirage to the Kenya’s economy and the only “harufu” we are feeling is corruption. After two financial years, the big question still remains, “where is the Eurobond money?”
Jubilee has been going around the country shouting about several projects in progress including the million acre Galena Kulalu irrigation scheme, SGR, last mile connectivity program, hospital equipment project, mobile clinic project, purchase of military tractors among others. What Jubilee fail to mention whenever they shout about these is the the high level corruption to the tunes of billions of tax payers money passing through brokers and middle men that dot each and every single one of the projects.
The evidence is bare that the jubilee government has borrowed heavily for the last four years but there is little to show for it if not CORRUPTION, the most recent attempt to try and explain this was the recent launch of an artistic shiny delivery pothole full of computer generated pictures manicured to appeal to the electorates optical appetite while majority of Kenyans are going to bed hungry a likening the outgoing jubilee government to a parent who buys beautiful toys for his/her starving children. We can’t afford another four years of jubilee misrule, #vinduvichenjanga
Jubilee government inherited a public debt totaling to 1.9 trillion from the previous governments, today Kenya’s public debt stands at 4.0 trillion after 4 years of jubilees economic mismanagement meaning the current administration has borrowed a total of 2.1trillion in public debt for the last four years. Take the case of 200 billion Eurobond money of 2014 as Raila Odinga puts it, “hatujahisi harufu ya iyo pesa ya Eurobond! pesa mingi kama iyo ya Eurobond ikiingia katika economy hii yetu ya Kenya lazima utasikia harufu yake”. From this statement what does the opposition chief refer to as “HARUFU?”Of course its development, real development projects that can be seen, development projects that are pegged on serious socio-economic impacts. Eurobond money still remains a mirage to the Kenya’s economy and the only “harufu” we are feeling is CORRUPTION, and the big question still remains where is the Eurobond money? The Auditor General himself reported that he could not trace how the Eurobond money was spent in any ministry.
Despite the inability of the government to show us where the money borrowed has gone to, they are busy launching portals filled with cooked data and more lies. It is therefore prudent to conclude that the government is doing nothing other than to borrow in order to fund corruption. In the words of Erick Kiraithe, the government has a huge budget for corruption.
