Ruto's Approach to State Finance is a Threat to Kenya - Kalonzo
Musyoka criticised Ruto’s plan to raise Ksh5 trillion through the introduction of the Sovereign Wealth Fund and the National Infrastructure Fund...
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Wiper Party leader Kalonzo Musyoka has strongly criticized President William Ruto's plan to raise Ksh5 trillion through new financial mechanisms, claiming it threatens Kenya’s constitutional fiscal principles. He argues that the proposed measures would bypass transparency and parliamentary oversight.
- Kalonzo Musyoka stated that Ruto's plan for a Sovereign Wealth Fund (SWF) and a National Infrastructure Fund (NIF) contradicts constitutional principles of transparency, parliamentary oversight, and equitable distribution of fiscal responsibilities.
- The criticism followed Ruto's announcement of the funds during the Jamhuri Day celebrations on December 12, 2025, at Nairobi's Nyayo National Stadium.
- Musyoka warned that seeking to mobilize Ksh5 trillion through these instruments risks eroding fiscal prudence and democratic accountability by bypassing established public finance procedures.
- The Cabinet is expected to consider approving both the SWF and NIF on December 15, 2025.
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President Ruto's Administration Faces Criticism on Finance, Religion and Job Policies - December 2025
President William Ruto's administration has faced criticism from various leaders on several policies. Wiper Party leader Kalonzo Musyoka strongly criticized a plan to raise Ksh5 trillion through new financial mechanisms, claiming it threatens Kenya’s constitutional fiscal principles and would bypass parliamentary oversight. The Pentecostal Voices of Kenya (PVK) have also accused President Ruto's government of attempting to curtail the church's freedom with the proposed Religious Organization Amendment Bill 2024. In addition, former Cabinet Secretary Moses Kuria slammed the administration for prioritizing infrastructure projects such as expressways over job creation for young people. Kuria's remarks followed the President's Jamhuri Day announcements of major road developments.
