Ruto: We have now stabilised the economy
President William Ruto has declared that his Kenya Kwanza administration has stabilised the economy which he said had been ruined by massive debts. https://bit.ly/3YmL0z8
Transcript
00:00 I told them that our first task is to fight the evil of typhoid to stabilize the economy of our country.
00:12 Because we were in a very difficult situation.
00:17 There were many places where we were and the way we will solve them is not complete.
00:29 I would like to tell them that we have stabilized the economy of the Republic of Kenya.
00:36 We have started to fight the typhoid, the typhoon, the drought, the floods, the floods.
00:49 When we took the budget to the bank, I told this young man, Ndi Ndi Nyoro, because he is our chairman of the budget.
01:02 I told him that no budget will go to the bank of Madeni.
01:06 We borrowed half a trillion from Madeni.
01:10 We said that we must build this country on the solid foundation, not on the foundation of debt.
01:20 Now we have gone through a lot.
01:25 We said that we are building our country on the solid foundation of our economy built around the taxes we raise.
01:36 We have a teacher who has taught us this.
01:41 This teacher is someone who came from Nyeri.
01:48 You know, when Mzee Kibaki took the presidency, we were saving two billion like typhoid.
02:01 He told us to pay the tax. What did you hear? What do you know?
02:06 Pay the tax. That was the language of Mzee Kibaki.
02:10 He told us, when he was talking about ten years, we have gone from two hundred billion to one trillion.
02:18 We have paid our tax five times when Mzee Kibaki was in power.
02:24 Do you understand me?
02:27 Do you think I will blame Mzee Kibaki who taught us that we have a solid foundation?
02:36 We have a solid foundation.
02:38 We don't have a foundation like Madeni.
02:40 That's where we are.
02:44 Thank you.
02:46 [END]