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Njuki faults Senate over Sh10 trillion debt ceiling

Tharaka Nithi Governor Muthomi Njuki speaking to residents of Kangutu market in Chuka/Igambang'ombe constituency on June 22, 2022. He faulted senators for approving the proposal to raise the country’s debt ceiling to Sh10 trillion from Sh9 trillion.

Photo credit: Alex Njeru I Nation Media Group

Tharaka Nithi Governor Muthomi Njuki has faulted senators for raising Kenya’s debt ceiling to Sh10 trillion from Sh9 trillion.

Speaking at Kangutu market in Chuka/Igambang’ombe constituency yesterday, Mr Njuki said the move that gives the National Treasury the latitude to borrow Sh846 billion to fill the budget deficit is an affront to Kenyans who are suffering due to the high cost of living.