Our economy is doing poorly because of too much borrowing. The government should, therefore, stop borrowing and step up local revenue collection. I don’t understand why we borrow, yet tax is collected from local businesses every day. It is worrying that even irrespective of borrowing from developed countries, ordinary mwananchi derives little value from the money.
Few individuals misappropriate borrowed money leading to a strain in every sector of the economy. The back-breaking burden is carried by ordinary Kenyans who will be heavily taxed to repay the debts.