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Busia Senator and prominent activist, Okiya Omtatah, has taken to social media to call for a comprehensive audit of Kenya’s debts and a redistribution of payments based on the beneficiaries. Omtatah argues that those debts that have directly benefited Kenyans should be prioritized for repayment, while those that have not served the interests of the country should be shouldered by those who derived advantages from them.
Omtatah’s statement comes in response to the alarming revelation that unpaid debt is currently consuming a substantial portion of the state budget, estimated at a staggering 70 percent. He asserts that such a burden on the national economy necessitates treating the situation as a state of war, demanding immediate attention and remedial action.
The senator’s call for a debt audit seeks to evaluate the nature of Kenya’s outstanding obligations and their respective impacts on the country’s development and well-being. By assessing the beneficiaries and the benefits derived from each debt, Omtatah aims to ensure that the nation’s financial resources are allocated more equitably and in the best interest of the Kenyan people.
Omtatah’s strong stance on debt redistribution is likely to spark further debate among policymakers and economists, who will need to carefully consider the implications and feasibility of such a proposal. The redistribution of debt payments based on benefits received could potentially lead to a more balanced and sustainable financial future for Kenya.
However, the senator’s advocacy highlights the need for a thorough examination of Kenya’s debt portfolio and opens up discussions on how best to manage the country’s financial obligations in the long term.
