Why cost of living must be discussed in bipartisan talks - Mbadi

This comes even as Ruto assures Kenyans that he has now stabilised the economy

In Summary

• Mbadi said this is because the cost of living continues to rise, despite President William Ruto insisting that the economy is stable.

• He went on to claim that the people advising Ruto are misleading him on the cost of living aspect.

Public Accounts Committee chairman John Mbadi speaking when East African Community PS Abdi Dubat appeared before the Committee
Public Accounts Committee chairman John Mbadi speaking when East African Community PS Abdi Dubat appeared before the Committee
Image: HANDOUT

Nominated MP John Mbadi has insisted that the cost of living must form part of the bipartisan talks between Azimio and Keya Kwanza teams.

Mbadi said this is because the cost of living continues to rise, despite President William Ruto insisting that the economy is stable.

He insisted that there are many things that can be used to prove that Kenyans are still struggling.

"One of the reasons for the rising cost of living is coming up with policies that affect the living standards of people," Mbadi said.

"If you want to know the cost of living is coming down, there are indicators and one of them is money in the pockets of Kenyans. The cost of taking loans. If the interest rates are rising, then the cost of living is rising."

He went on to claim that the people advising Ruto are misleading him on the cost of living.

He said the economy cannot be stable when the Kenyan shilling sells at more than Sh140 per US Dollar.

Mbadi noted that the president should stop saying that the debt burden has been reduced by at least Sh300 billion because the government has continued borrowing.

"President should not tell Kenyans that we have reduced our debt by Sh300 billion, that's a big lie. The same lie he told Kenyans that now we have stabilised our economy," Mbadi said.

"How do you talk of stabilising the economy when the following day the shilling hits 150 against the Dollar? What are the indicators of a good economy? Strong domestic currency is one of the indicators."

The cost of living is one of the demands tabled for talks by the Azimio side in the bipartisan engagements that started on Wednesday.

This is even as the Kenya Kwanza side insists that it will not form part of the dialogue.

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