The president had hosted a large number of journalists from Mt Kenya region yesterday in State House where they asked him some of the critical questions concerning the nation. One of the journalists, Kamau Kang'ethe asked the president his take about the huge national debt burden he is leaving behind.
President Uhuru claimed that there exists no country without debt. Uhuru claimed that the tax being collected in Kenya is not enough to run the development projects required in the country.
"Gutiri bururi utari thiri," Uhuru said. "There is no country without debt," the statement translates. (30th-31st minute)
He said that debt is bad if it doesn't add to the national burden. Uhuru claimed that the GDP can only grow when the economy of the country is expanded and that the economy cann't be expanded without enough funds.
Uhuru further related the Kenyan debt to a person who takes a loan and builds rental houses. He claimed that such a case is different from a case when a person takes a loan and spends it taking alcohol. Uhuru claimed that the funds have been used to expanding the economy even for more income generating projects.
Uhuru claimed that the tax that was being collected from the country back in 2013 was ksh800 billion as compared to last year's tax which was about Ksh2 trillion. Uhuru claimed that that is a clear illustration that the economy has been growing and that people should stop complaining. Uhuru claimed that the nation is at a position to repay that debt basing on the tax that is being collected.
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https://www.facebook.com/InooroTV/videos/493279632563079/ (30th- 36th minute)
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