Lilian Nyiva
Businessman and political activist Jimmy Wanjigi has called on Kenyans and lawmakers to reject the Finance Bill 2026, arguing that it places an unnecessary burden on citizens while failing to address the country's growing debt challenges.
Speaking during a press briefing, Wanjigi accused the government of engaging in what he termed illegal borrowing, claiming that public debt has continued to rise without adequate accountability and transparency.
Concerns Over Public Debt
Wanjigi alleged that the government has accumulated significant debt beyond approved limits and questioned how borrowed funds have been utilized. He argued that continued borrowing risks worsening the country's fiscal position and increasing the cost of living for ordinary Kenyans.
According to Wanjigi, the focus should be on prudent management of public resources and reducing wastage rather than introducing additional tax measures through the Finance Bill.
Calls for Parliamentary Action
The businessman urged Members of Parliament to scrutinize the proposed legislation and reject provisions that he says could negatively affect households and businesses. He maintained that Parliament has a constitutional responsibility to protect public interests and ensure accountability in government spending.
He further called for a comprehensive audit of public debt and greater transparency regarding government borrowing.
Government's Position
The government has defended its fiscal policies, maintaining that borrowing has been necessary to finance development projects, support essential services, and bridge budget deficits. Treasury officials have also argued that the Finance Bill is intended to enhance revenue collection and support economic growth.
Government representatives have repeatedly stated that Kenya's debt remains manageable and that measures are being implemented to improve fiscal sustainability.
Finance Bill Debate Continues
The Finance Bill 2026 remains a subject of public debate, with supporters arguing that it is necessary to raise revenue for government operations, while critics contend that it could increase the financial burden on taxpayers.
As Parliament prepares to consider the proposed legislation, discussions surrounding taxation, public debt, and government expenditure are expected to remain at the center of national discourse.
