The former Kenyan vice president Musalia Mudavadi has decried over the economic hardship the country is facing amid the Covid-19 pandemic.
Speaking during an interview on TV 47, the Amani National Congress (ANC) party leader called on the government to create a functioning economy to reduce its citizens’ tax burdens.
Kenyans live in challenging economic times characterized by high taxation and a rise in the products’ prices.
Reports show that several people were rendered jobless when the coronavirus struck, meaning their income sources have interrupted.
The cessation of movement in Kenya’s five counties of Nairobi, Machakos, Nakuru, Kiambu, and Kajiado has further derailed the country’s growth. Businesses that had started growing have since been shut down.
Mudavadi also lamented over the growing public debt, which he said is “biting us.” Kenya’s public debt as of June 2020 stood at ksh7.06 trillion.
He asked the Treasury to shed more light on the Sh255 billion (approximately $2.38 billion) loan recently acquired from the International Monetary Fund.
“Loans come with constitutionality, and it is for the National Treasury to elaborate on that. Some loans have the implication that includes adjustments in taxes, privatization of government parastatals and even civil servants losing their jobs through retrenchments,” Mudavadi said.
The ANC boss who is eyeing the Presidency in 2022 said should Kenyans elect him to be the next president; he would not follow the current government’s footsteps of promising things it could not deliver.
He said he would set realistic goals he can achieve in five years, noting that Kenyans will expect more from the next government, particularly the economy.
“The challenge of the Jubilee is that when they set out, theirs was largely an expansionist policy. They wanted to do many things in a short period. They wanted to do dams that never took off, but commitments were made and money spent. Let us cut our cloth to fit our size,” he reiterated.
According to Mudavadi, the problems the East African nation is grappling with can only be solved through good governance, prudent economic management, a fight against graft, and pushing the public institutions to deliver.