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Ndindi Nyoro Warns of Dire Consequences Over Rising Govt Borrowing

Ndindi Nyoro Warns of Dire Consequences Over Rising Govt Borrowing

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Kiharu Member of Parliament (MP) Ndindi Nyoro has warned the government against the continued reliance on borrowing, cautioning that unchecked debt could have devastating consequences for the country.

Speaking during an economic forum organized by the Institute of Public Finance on Kenya’s Macro Fiscal Analysis at Sarova Stanley Hotel, Nairobi, Nyoro emphasized the need for sober economic policies.

“It was an exciting morning today attending and taking an Economic discourse under the auspices of Institute of Public Finance on Kenya’s Macro and Fiscal Analysis. Always great having objective discussion on the State of the Kenyan Economy and Africa in general. We are African and Africa is our Business,” Nyoro stated.

Dire Consequences of Excessive Debt

The outspoken legislator cautioned that Kenya risks facing harsh economic realities if the current debt trends continue.

He warned that unless the government reins in excessive borrowing and spending, the economy itself will eventually enforce fiscal discipline in ways that could hurt citizens.

“Unless we sober up as a nation, the economy itself will eventually force us to sober up, and when that day comes, the consequences will be dire,” Nyoro said.

His remarks come amid growing public concern over rising debt servicing obligations, which continue to put pressure on the national budget and limit resources for development.

Public Resources Under Strain

Nyoro also criticized the culture of political leaders dishing out money at public functions, noting that such funds are drawn from taxpayers. He urged citizens to recognize that government spending is not free but directly affects their livelihoods.

“The money you see those in power dishing out every day is budgeted from Kenyans’ pockets,” he remarked.

His comments highlight a broader debate on fiscal responsibility, as the government grapples with balancing revenue generation, expenditure, and debt obligations.

Nyoro’s stance adds to mounting voices calling for prudent economic management to safeguard Kenya’s financial future.

Ndindi Nyoro Speaking during an economic forum organized by the Institute of Public Finance on Kenya’s Macro Fiscal Analysis at Sarova Stanley Hotel, Nairobi. PHOTO/ Nyoro X

Ndindi Nyoro Speaking during an economic forum organized by the Institute of Public Finance on Kenya’s Macro Fiscal Analysis at Sarova Stanley Hotel, Nairobi. PHOTO/ Nyoro X

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