Amani National Congress (ANC) leader and former Finance Minister Musalia Mudavadi has said that the country’s state of the economy is at stake, terming the country ‘broke’, owing to the ongoing fight against the Coronavirus pandemic.
Speaking at an interview with a local TV station, the NASA coalition co-principal said that this is not the time for politicking but to join hands in cushioning the economy.
“The emphasis should not be on the politicking we are seeing today, we must channel our efforts to the economy,” said Mudavadi.
The ANC leader added that the move by President Uhuru Kenyatta to change the leadership of Jubilee party, which has sparked controversy in recent political state, is meant to unite and move the country forward.
“There is a lot of misrepresentation in what the president is doing. President Uhuru is not trying to kill the opposition. We can have unity of purpose to move the country forward,” he said.
He added that it is high time for the country to look at measures that cushion the entire economy, right from the commercial loans it owes to creditors.
Mudavadi said that this is the right time to take the matter seriously, and “not to let such negotiation opportunities sleep off our hands.”
“The danger is in the commercial loans that we took in succession. We must come to the table with the creditors and see how these loans will be repaid,” said the ANC leader.
The G20 member states recently issued some relief guidelines to developing countries to undertaken in repaying their loans after the coronavirus pandemic, however, Treasury Cabinet Secretary Ukur Yatani advised off the move saying it can be costly if adopted.
Musalia further note that the country should not issue unrealistic targets to the tax man, urging the government to set targets within their means.
“KRA should be given realistic targets and we must learn to live within our means. Let’s not expect Good Samaritans from outside, we must work things out ourselves,” he explains.
The ANC leader said that it is time for the government to call off mega projects as the country runs out of resources.
“The president's agenda four are good programs but the reality is we do not have resources to fund them right now,” he said.