Ruto's government is doing nothing to fix economy - Wanjigi

Former Safina Party Presidential aspirant Jimi Wanjigi has said the country might soon plunge into crisis if the debt situation is not addressed.

Wanjigi said the country's economy will collapse if President William Ruto's government fails to address the debt crisis.

While speaking at Spice FM on Monday, the businessman faulted President Ruto's regime saying it is doing nothing to fix the economy.

"The government of President William Ruto is continuing the impunity of the last ten years and they are sinking us into a much deeper hole than you can ever imagine at a faster rate. They are collapsing this economy with what they are doing," he said.

"They are not addressing the real issue which is debt. We have taken debt over and above which is going to be with us for the next 60 years and that did not go to anything that we approved. If we do not deal with it, we are going to collapse this country economically."

His sentiments come in the backdrop of the high cost of living in the country.

Kenyans have been raising concerns over the Kenya Kwanza administration's continued measures that have raised taxes for various commodities in the country.

The government has also been increasing the cost of certain services to raise revenue for the government.

This is despite a campaign on the platform of easing the tax burden for Kenyans, as well as the cost of living which they claimed had been raised by policies put in place by the former regime.

Total public debt rose by a record 1.56 trillion shillings in the financial year ended June 30 to 10.1 trillion shillings, breaching a debt ceiling of 10 trillion shillings.

"The increase in the public debt is attributed to external loan disbursements, exchange rate fluctuations and the uptake of domestic and external debt," the Treasury said in August.