Anglican Church Archbishop Jackson Ole Sapit has called on the government to employ a cautious approach in securing loans to avert burdening future generations through a surging debt load.
Sapit observed that the continuous borrowing by the State threatens to create a scenario whereby the country may not be able to service the loans in good time.
Kenya’s total public debt stood at KSh7. 2 trillion as at November last year. Analysts fear that it might hit the KSh9 trillion mark by June next year.
Ole Sapit was speaking while launching a KSh15 million water project in Salgaa, Nakuru County. He called on the government to consider cushioning businesses post-COVID by reducing the cost of fuel in the 2021/22 budget.
He observed that a larger majority of businesses depend on the commodity for their daily operations. The 2021/22 budget will be read on June 10 by Treasury CS Ukur Yatani.
The cleric said he expects a more development-centered budget that inspires growth especially on infrastructure.
“We have seen road networks improving in the country and we want to see more being done, however it must be within our means.”
While lauding the construction of the water project by the Nakuru County Government in conjunction with World Vision, Ole Sapit said the same will solve the perennial water problems that have bedeviled residents for years.
Echoing the sentiments, Nakuru Governor Lee Kinyanjui noted that water provision should be prioritized by the national and county governments.
Kinyanjui noted that the new project will aid in reducing cases of students missing school as they stroll long distances to fetch the precious commodity.
“With this project, we shall see a major transformation in education and health,” said Kinyanjui.