Government to Repay KSh 166 Billion in Debts to Revive Stalled Infrastructure Projects
Finance Minister John Mbadi announced that the government will be repaying debts totaling KSh 166 billion, which have significantly hindered the initiation of new projects, particularly in the road and infrastructure sectors.
In a meeting held in Nyatike constituency, Mbadi emphasized the importance of settling these debts to facilitate the revival of stalled projects and ensure the effective use of government funds. “If Kenyans owe people money, why can’t people know how much?” he stated, highlighting the need for transparency in government financial matters.
Mbadi explained that the outstanding debts have been a major barrier to launching many tenders in crucial development areas. “When money is being dispensed, we must look at the broader picture. This is affecting our economic growth. If we don’t allocate funds for development, we are stunting the general economic growth of the country,” he said.
While the Minister outlined the government’s commitment to addressing these financial obligations, he did not provide a specific list of the stalled projects that would be prioritized once the debts are cleared.
Joining Mbadi at the meeting, MP Tom Odege commented on the political climate, particularly the ongoing motion to impeach Deputy President Rigathi Gachagua. Odege criticized the relationship between the President and Gachagua, suggesting it has detrimental effects on national development. He stated that Gachagua has been acting more like a leader of a faction rather than a national figure, calling for unity in leadership to foster progress.
The announcement comes amid rising concerns regarding the impact of debt on the country’s economic stability and infrastructure development. The government’s commitment to repaying these debts may provide a path forward for much-needed projects that have been on hold for too long.
By Yvonne Victor
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