Someone asked me, " How can the public debt be audited?" It's very simple; Make the debt register public. We audit each debt one by one. Who borrowed the debt? Was it approved by the Parliament? Which project was it to be used for? Was the project done? We refuse to pay any debt which was not approved by the Parliament, We refuse to pay any debt which was not used on development projects. Example: " You took a debt of Ksh 1.5B for Kisii Cancer Center from Saudi Arabia. Is the Centre there? No. We don't pay. Let Saudi Arabia and the individual who borrowed find a way to settle that debt or if we pay, we auction their property. You took Ksh 10B from IMF for road Arror and Kimwarer dams. Were the dams built? No. Let IMF and the borrowers and those involved find a way to settle the debt or we auction their property to pay. " We must refuse to pay the debts which were used to service the lavish lifestyles of crooks. #AuditPublicDebts #OpenDebtRegister #RutoMustGoNow

Countries like Mozambique did it. Let the debt register be opened and auditing be done on each debt one by one. Example; 1.5B for Kisii Cancer Center from Saudi Arabia. We check if such a facility was built. If it doesn't exist, we don't pay. Since the debt was not approved by the Parliament and it never went through the Consolidated Fund, then taxpayers revenue cannot be used to pay such a debt. Let the lender and the borrower negotiate on how to pay it, cause why should we pay what someone borrowed to service his lavish lifestyle? Then we move to the next. One by one. There's no way taxpayers have paid Ksh 10.2T and still being told that the public debt is Ksh 12.3T. What was that money used for cause the country still looks like shit. Look at hospitals, schools, roads, water resources, social amenities. Nothing. We cannot be servicing the lavish lifestyles of crooks. A nation that allows looters to retire in peace is a nation that enslaves future generations. #AuditPublicDebts #OpenDebtRegister #RutoMustGoNow

"Kenyans Should not have to repay Odious Debts." Okiya Omtatah started the war on illegal debts back in 2008. #AuditPublicDebts #OpenDebtRegister #RutoMustGoNow

NOW, LISTEN HERE 🛑 We are being told that the domestic debt stands at Ksh 6.5T. Domestic lenders are majorly banks. The total assets of all the 41 banks in Kenya is 7.5T The top lender has lended only 28% of its assets. Assuming that all the 41 banks have lended 28% of their assets, then it means that the banks have only lended Ksh 2.1T. That begs the question, who are the lenders of the remaining Ksh 4.4T? That is why I am saying that debts which are externally borrowed are re-loaned back to the government by the same crooks and so we end up paying twice. The external lenders pocket their share and the crooks also walk away with their share at the expense of suffering taxpayers. Kenyans MUST ask for the auditing of public debts. #AuditPublicDebts #OpenDebtRegister #RutoMustGo

Study this model. I have tried to use a diagram to explain how taxpayers money is being used to pay same debts twice. Since public debts are not going through the Consolidated Fund, External debts are ending up in the foreign accounts of crooks (the borrowers) These crooks transfer the same money to banks within the country. The banks, re-loan this same money to the republic now as a domestic debt. Then the rotten Parliament approves the repayment of debts they cannot even approve reached the country or in which projects they were spent on. Taxpayers revenue pays the debt as external debt and also pay the crook as a domestic debt. They are afraid of auditing the public debts because they know that the truth will come out. There's no way we had paid Ksh 8.8T by July 2023 and we are still having a Ksh 12.1T debt. Sijui kama mnanipata? Kama mnanipata then we must demand the auditing of public debts. #AuditPublicDebts #RutoMustGoNow #DrainTheSwamp

The people of Kenya must demand the auditing of public debts. IMF/World Bank will not use crooks in government to enslave we the people of Kenya using illegal debts. The debt register must be opened and Kenyans must refuse to pay illegally borrowed debts. #AuditPublicDebts #OpenDebtRegister #RutoMustGoNow #DrainTheSwamp

Herman Manyora on the loans being taken by the government and who will pay them. "Sasa loan ndio zinachukuliwa sasa, money has been set aside from the consolidated funds for loans, it's not the principal, those are just interests. Mambo bado."- @HManyora What can the government of Kenya do to reduce the amount of loans it takes and thereby avoid taking so many?

Kenya faces rising debt, shrinking revenues, and limited fiscal space. This blog highlights five reform priorities to strengthen governance, improve competitiveness, manage SOE risks, retarget subsidies, and transform urban fiscal policy. New Blog: 👉blogs.worldbank.org/en/nasik…

The business community must start collecting funds to finance civic education across the country so that every single Kenyan is well versed with the Constitution and that they understand the reason why all currently elected politicians go home & they are impressed upon to vote for the right leaders. Because if they don’t do this, their businesses will be the first casualties come 2028. Cc @JimnahMbaru @LinusGitahi @ehdande @MihrThakar @dchandaria @vimalafrica @IEAKwame @nderi_j @kilonzoNice @AgostaLiko @jumaf3