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Originally published by Kenyanstop
December 12, 2025
5h ago
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...
✨ Key Highlights
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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