President William Ruto has asserted that the country is out of danger of debt distress. His words painted a picture of Kenya being stable economically, thus being able to clear all its outstanding foreign debts.
While speaking during Kenya’s 60th Jamhuri Day celebrations at Uhuru Gardens in Nairobi, Ruto credited this accomplishment to the sacrifices made to ensure the economic stability of the country.
He said all economic indicators are positive and that the rate of inflation has decreased from a peak of 9.2% to 6.8% this year.
He added that the gross domestic product (GDP) has grown to 5.4%, making Kenya the 29th fastest-growing economy in the world, according to the World Bank.
“Our human capital—our innovative, smart-working, professional labor force—is probably the single most potent arsenal we have to drive our economic progress. Our expenditure on training, learning, and education in general is a most appropriate investment in the development of the human capital necessary for our economic progress,” Ruto said.
Ruto further emphasized the efforts the government is making in the education sector, which included increased allocations in the sector.
This comes a day after President William Ruto signed into law the National Government Constituencies Development Fund amendment bill.
The signing of the bill approved the increment of bursaries under the Constituencies Development Fund to ensure smooth learning.
Read more on: Govt signs bill to approve increment of school bursaries – Sharp Daily (thesharpdaily.com)
