Today, October 27, outgoing Treasury Cabinet Secretary Ukur Yatani responded to allegations made by President William Ruto and his Deputy Rigathi Gachagua that they had inherited a deteriorating economy. Yatani said that these allegations are false.
According to the departing Cabinet Secretary, the increase in the country's gross domestic product was something that they were able to achieve via collaboration with the Central Bank of Kenya. He said that this was the case.
According to him, Kenya has been able to maintain the greatest rate of economic growth over the last 11 and 12 years, a feat which he placed a value of 7.5 on.
"Treasury worked very hard to guarantee that there is money in the economy by focusing on the structure of interest rates with the CBK governor." "Treasury worked extremely hard to ensure that there is liquid cash in the economy."
"Despite the challenges, we were able to keep the economy viable and even increase it. "We scored among the greatest economic growth at 7.5 GDP, which is the first time in 11,12 years that this has happened," he said.
This allegation, which has always been made by President William Ruto and Rigathi Gachagua, who have been certain that they inherited an economy on its deathbed, is contradicted by the comments made by the departing Cabinet Secretary.
"We are inheriting a crumbling nation with a debt of 10 trillion shillings." Earlier, Gachagua made the following statement: "Let all those who were opposed join us in developing the country."
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