― Advertisement ―

HomeNewsPresident Ruto Will Turn Around Kenya’s Economy: Hussein Mohamed

President Ruto Will Turn Around Kenya’s Economy: Hussein Mohamed

President Ruto Will Turn Around Kenya’s Economy: Hussein Mohamed

Hussein Mohamed, the spokesperson for the State House, has supported the economic achievements of President William Ruto’s administration since assuming office in September 2022, following Uhuru Kenyatta’s tenure.

Ruto, who served as Kenyatta’s deputy for ten years, has consistently attributed the country’s economic condition to his predecessor. He asserts that Mr. Kenyatta led the nation into an untenable level of public debt.

Since taking on his role, he has implemented a series of fresh taxes that, despite facing criticism, he insists are the necessary means to steer Kenya “away from the peril of debt-related challenges.”

On Sunday, the spokesperson for the State House disseminated a newspaper infographic regarding X, elucidating the economic condition of the country from 2007 during the administration of the late President Mwai Kibaki.

The graphic depicted the correlation between tax collection and Kenya’s GDP throughout the administrations of Kibaki and Uhuru. It revealed that, during President Kibaki’s tenure from 2007 to 2012, the tax collection rate consistently stayed above 20 percent for five years.

It also demonstrated a decline in Kenya’s tax collection as a percentage of GDP since Uhuru assumed office in 2013.

ALSO READ:

According to Mr. Mohamed, just as Ruto served as Kenyatta’s deputy in the Jubilee administration, Kibaki also held the position of vice president under President Daniel Moi and successfully revitalized Kenya’s economy upon assuming power.

“When entrusted with top leadership, he made bold decisions to correct the mistakes of the Moi regime and put Kenya on the right economic trajectory. Though initially unpopular, these decisions proved worthy in the long run,” wrote Mohamed.

“Looking at the figures by standard, the tax-to-GDP ratio worsened in the post-handshake period, dropping to 14% by 2020,” he added, referring to opposition leader Raila Odinga’s political truce with Kenyatta on March 9, 2018.

According to the spokesperson from the State House, President Ruto is actively improving Kenya’s economy, and Kenyans need to exercise patience during this process.

“President @WilliamsRuto is & will turn around our economy; we will live within our means as a country and free ourselves from the shackles of debt,” Mohamed wrote.

President Ruto had earlier in the day posted the same infographic on his X account, writing “This is where the problem lies.”

President Ruto Will Turn Around Kenya’s Economy: Hussein Mohamed

MOST READ