The central bank of Kenya has warned kenyans against tough times ahead with Cabinet secretary Njuguna Ndungu saying the country's financial crisis is rising to unimaginable levels.
Speaking during the public hearing of budget Making process that Brought together stakeholders from different sectors including representatives from the executive and Legislature, Ndungu called upon ministries and departments to put in place austerity measures.
"From all the things we have analyzed, 2023 is not looking good, there are clear signals that it is going to be a tough year,” said Ndungu.
Matters will be complicated by the fact that the government intends to tax more without any intention of introducing subsidies.
This is going to make the prices of basic commodities to skyrocket to the detriment of the lower middle class and the poor.
Reacting to Ndungu's warning, some Netizens said they are already used to difficult times because after all they never expected anything good from this government.
George: Ofcourse they lied of good times during campaign now that they are in the pay with reality check.
Others Lamented that the CS is saying this After visiting a very expensive hotel in Nanyuki last week.
Retired: Tumezoea.
Aura:he said this after visiting a luxurious hotel, he's so full so I'm not sure if he can tighten his belt, anyway hasola afunge mshipi Riggy G yuko milimani anaomba
Below are the screenshots of the reactions online.
What are your views on this? Feel free to share your thoughts and comments on this on our comments platform.
Content created and supplied by: @yokeabu (via Opera News )
COMMENTS