Sunday, March 17, 2024
No menu items!
Home Business Economy Was In ICU But It’s Now Alive Thanks To Us –...

Economy Was In ICU But It’s Now Alive Thanks To Us – Gachagua

Deputy President Rigathi Gachagua has defended the government’s endeavors to revive the economy in the face of concerns about its perceived shortcomings.

Gachagua reiterated on Sunday during a church service in Embu that both he and President William Ruto inherited a struggling economy when they assumed office.

Drawing an analogy to a hospitalized patient in the Intensive Care Unit (ICU), Gachagua acknowledged that extensive efforts are underway to better the economy, emphasizing that there is still hope and not all is lost.

“We found the economy was at the ICU and on the verge of dying but we have managed to keep it alive,” he said.

He went on to state that the struggling economy has advanced, transitioning from the Intensive Care Unit (ICU) to the High Dependency Unit (HDU) and is now discharged to home care treatment, indicating significant progress.

“We have resuscitated the economy to the point now it is on home care treatment,” he said.

Despite criticisms directed at the administration for consistently attributing challenges to its predecessor, Gachagua argued that it is essential for Kenyans to be reminded of the origins of the economic challenges.

“I am a man of truth and I will continue to remind Kenyans who are the ones that contributed to our current problems. We will try our best to put things on track but we should not forget who were the originators of our problems,” he said.

Gachagua however, urged Kenyans to exercise patience, expressing confidence that the government is making strides in addressing issues related to the high cost of living.

“It is a matter of time, we are getting there and things will be better soon,” he said.

President Ruto’s administration faces intense criticism, especially following Treasury Cabinet Secretary Njuguna Ndung’u’s acknowledgment of the government’s financial constraints.

Ndung’u disclosed the challenges during his appearance before the National Assembly Finance Committee on December 7, 2023.

He revealed that the government’s fiscal difficulties were affecting salary payments and the disbursement of the National Government Constituency Development Fund (NG CDF).

Despite President Ruto and Gachagua expressing confidence in the economy’s positive trajectory, CS Ndung’u’s revelations continue to highlight the government’s inconsistent messaging on the issue.

The inconsistency has left Kenyans, who are grappling with high taxation, increasingly frustrated with each passing day.

During the campaign, President Ruto and Gachagua rode on the economic agenda, assuring Kenyans that if elected, they would work to stabilize the economy and reduce the cost of living.


Centum Re makes early payment of KES3 billion corporate bond

Centum Real Estate made an early payment of its KES3 billion corporate bond, underscoring the company’s strong financial position. Investors in the corporate bond received...

Get Financially Empowered: Achieve Your Dreams With Co-op Bank Personal Loans

For every financial dream you have, you need financial support to achieve it. Whether you want to buy a new home, or car, finance a...

Govt Spokesman Mwaura Urges Kenyans To Avoid Night Travels, Unnecessary Trips Due To Heavy Rains

 Government Spokesman Isaac Mwaura has urged Kenyans to avoid night travels and unnecessary trips due to the challenges posed by heavy rains which have...

Most Popular

After years of portal failure Wanyama vows to bring back advocates glory, Digitize the LSK Portal with Integrated System

LSK Presidential Front Runner Peter Wanyama vows to digitize LSK portal with a new Integrated System   While taking to one of his social media page,...

EXCLUSIVE; Tigania West youths, elders wants Lawyer Henry Kurauka as their next Mp, Says this

Over 300 youths and elders from Tigania West have today urged city lawyer Henry Kurauka to vie in the next polls and be their...

Kate Actress Finds Love Again With Tribe Hotel Boss Michael Mwangi After Divorce From Philip Karanja

Catherine Kamau, popularly known as Kate Actress, has moved on after her divorce from Philip Karanja and is now dating Michael Mwangi, the General Manager of The Tribe...

Six Cleared in Race to Replace Murkomen

The Independent Electoral and Boundaries Commission (IEBC) has cleared six candidates to contest for the Elgeyo Marakwet senatorial seat in an exercise marred by...

Recent Comments

Skip to toolbar