Political pundit Herman Manyora recently addressed the sentiments expressed by Deputy President Rigathi Gachagua regarding the state of the Treasury when they assumed power. According to Gachagua, when they took office, there was a notable absence of funds in the Treasury, urging Kenyans that they will need ample time to fulfill their promises.
However, in the context of discussing the matter of lowering the cost of living, Manyora openly refuted the Deputy President’s claims. He asserted that in Kenya, funds collected by the government are not intended to be stored idly in public coffers.
Instead, they are constantly used to cover essential services, pay off debts, and finance various government projects on a day-to-day basis. Consequently, it is only natural that there is little money left to be saved for future developments, and thus the Treasury may appear to have insufficient funds at times.
Manyora emphasized that the primary purpose of government revenue is to facilitate the functioning of the nation and address the immediate needs of the population. This ongoing expenditure is essential for maintaining essential services and managing the country’s financial obligations. While some funds are set aside for potential future projects, the majority are allocated to the current requirements and responsibilities of the government.
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