Kimani Kuria, Raila Odinga, together with leaders who attended the ICPAK annual seminar, pose for a photo on May 20, 2025/XMolo MP Kuria Kimani has underscored the need for fiscal discipline and strategic reforms as the pillars of Kenya’s economic transformation.
In a statement shared on his official X page, Kimani said Kenya’s progress cannot be built on foreign aid, slogans, or quick fixes.
“It must be built on a foundation of fiscal discipline, strategic borrowing, transparent governance, and a tax system that is fair, efficient, and trusted by the people,” he said.
The MP stressed the importance of responsible borrowing.
“We must borrow wisely—not endlessly,” he said, citing the “Golden Rule” of public finance that allows borrowing for development, not consumption.
He praised the recent passage of the Anti-Money Laundering and Combating of Terrorism Financing Laws (Amendment) Bill, 2025, calling it a major milestone.
He said the law strengthens Kenya’s financial ecosystem by empowering regulatory bodies like ICPAK to enforce compliance.
“A strong AML framework not only fulfils international obligations—it also builds investor confidence, improves access to capital, and lowers borrowing costs,” Kimani stated.
Commenting on the 2025 Finance Bill, he said it takes a pragmatic approach. “The focus has shifted to simplifying the tax code, limiting VAT zero-rating to exports, and ensuring that income tax deductions are tied to actual productivity,” he explained.
Kimani also emphasised the need to transform public institutions into self-sustaining entities.
“Every shilling collected must be traceable and used in the service of the public,” he said.
On Public-Private Partnerships (PPSs), Kimani called for transparency and strong oversight.
“The PPP Directorate must enforce robust disclosure practices to ensure these projects truly deliver value for money,” he said.
He concluded by urging public participation in ongoing legislative processes. “Come, let us build this nation together with strategy and purpose.”
