Kiharu MP Ndindi Nyoro has launched a scathing attack on President William Ruto, claiming the administration he helped elect is now borrowing at a more dangerous pace than the predecessor they once vilified.

Speaking at the launch of the People’s Audit Report in Nairobi on Monday, the former Budget Committee chair revealed a chilling statistic: the government is accumulating debt at a rate of KES 3.5 billion daily. This trajectory, he warns, is an “existential threat” that could plunge Kenya into economic insolvency similar to the recent collapses seen in Zambia and Sri Lanka.

The Mathematics of Betrayal

The criticism marks a seismic shift in the ruling coalition's internal dynamics. Nyoro, once a fierce defender of the Kenya Kwanza economic model, presented figures suggesting the current regime has outpaced the Jubilee administration in debt accumulation—the very issue that formed the backbone of their 2022 campaign against Uhuru Kenyatta.

According to Nyoro, the national debt has ballooned significantly in just three years:

• 2022 Handover: Public debt stood at approximately KES 8.7 trillion.
• Current Status (2025): Debt has surged to over KES 12.5 trillion.
• Daily Intake: The Treasury is borrowing KES 3.5 billion every 24 hours.

“This borrowing is happening even faster than during Uhuru’s time,” Nyoro asserted, dismantling the narrative that the current administration is merely cleaning up a mess inherited from the past.

A Looming Sovereign Crisis

Nyoro’s data paints a grim picture of fiscal indiscipline. He noted that while the Jubilee government averaged an annual borrowing rate of KES 1.2 trillion over ten years, President Ruto’s administration is averaging between KES 1.2 trillion and KES 1.25 trillion annually, despite being in office for a fraction of that time.

For the average Kenyan, these macroeconomic figures translate to a shrinking fiscal space for development, higher taxation, and the looming risk of austerity measures dictated by creditors. Nyoro warned that without an immediate brake on the appetite for loans, Nairobi risks following the path of Lusaka and Colombo—capitals where debt defaults led to currency devaluation and social unrest.

“Kenya is now borrowing KES 3.5 billion every single day, including today,” Nyoro emphasized, signaling that the window to avert a full-blown crisis is rapidly closing.