Disqualified presidential candidate Jimi Wanjigi now alleges that Kenya is experiencing the highest poverty rate in history because of our debt burden incurred by the Uhuru Kenyatta-led administration.
Speaking during an interview on Spice FM's breakfast show, Situation Room 25, Monday, 25 Wanjigi said the poverty rate in the country for the last eight years has been at 63 per cent up from 38 per cent during the late Mwai Kibaki's regime.
Wanjigi, who was contesting for the top seat under Safina Party, said that the poverty index could sink further if the next government does not control the debt crisis occasioned by the Jubilee leadership.
The businessman said the Safina party had engaged a forensic auditor to establish the state of the debt and what President Uhuru Kenyatta's regime will leave to his predecessor.
"Any serious contender for the presidency must take a look at the books, especially the debt books of the nation and that is why we engaged a very good forensic investigator who had worked with the government for almost 40 years and they went through the books," he said.
Wanjigi says the total cost estimates of the intended Jubilee government projects was Sh5.3 trillion of which they got approval to remove Sh3.3 trillion from taxes and to borrow Sh2 trillion.
"So the loans approved that parliament and Wanjiku knows is Sh2 trillion because loans are only anchored in the appropriations development and approved there," he added.
Earlier on, Wanjigi had released the audit report titled Kenya Public Debt Heist in which he said that the Jubilee Government first messed up after amending the Public Finance Act in 2014 where the changes by Parliament enabled the government to borrow and make exceptions to the Constitution which requires all money borrowed by the government to be processed through the Consolidated Fund.
"This is the government books and there is no creative accounting here, the records are released per month and you can check what Parliament has passed through appropriations bills. Despite the Ksh2 trillion loan that can be proven, the government claims to have Ksh6.1 trillion in external debt which would mean Ksh4 trillion of it is fake," Wanjigi said.
According to research conducted by the Kenya Institute for Public Policy Research and Analysis, 65per cent of government revenue goes towards debt.