Speaking on Sunday in Bomet county during an interdenominational Sunday church service, DP Gachagua took issues with recent media reports that the Kenyan economy faces a bleak bleak future following revelations by Treasury CS Njunguna Ndungu that the country’s economic outlook does not look good.

 

“I want to tell the media; we don’t want your unsolicited advice on how to lead this country. You were against us, and you said we were not fit to lead. Sit back and watch us lead,” DP Gachagua said in Bomet.

 

Speaking on Wednesday, January 11 during the public sector hearings for the FY 2023/24 and the medium-term budget at KICC, CS Njuguna Ndungu called for the implementation of strict austerity measures including the suspension of new development projects.

 

”From all the things we have analysed, 2023 is not looking good, there are clear signals that it is going to be a tough year. We have witnessed here in Kenya that food security and climate change have produced severe crises compounded by these supply disruptions, inequality, poverty and social conflicts,” the Treasury CS noted.

 

The CS stated that low-income countries have been hit hard by supply disruptions, debt, surges in food and commodity prices, and the devastating effects of climate change.

 

According to the latest forecast from the International Monetary Fund (IMF), global GDP growth is likely to slow from 3.2% in 2022 to 2.7% in 2023.

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