In a promising New Year message, President William Ruto expressed confidence in Kenya’s economic future, assuring citizens of significant strides towards sustainable growth. Speaking from State House in Nakuru, he highlighted key measures aimed at reclaiming the country’s economic prosperity.
President Ruto emphasized the government’s success in curbing inflation, citing a noteworthy decrease to 6.8 per cent. He attributed this positive development to the collective efforts of the Kenyan people and the implementation of strategic economic policies.
Economic Stability and Fiscal Prudence
Reiterating the government’s commitment to financial stability, President Ruto revealed a substantial reduction in government expenditure, amounting to KSh400 billion. This reduction, he stated, aims to alleviate the need for excessive borrowing, thereby enhancing the country’s economic resilience.
Bottom-Up Economic Transformation Agenda
Assuring the nation of the government’s unwavering dedication to the Bottom-Up Economic Transformation Agenda, President Ruto emphasized the success of the subsidized fertiliser programme. This initiative has significantly boosted agricultural productivity, resulting in a remarkable 40% increase in food production.
Ambitious Economic Objectives
Looking ahead, President Ruto outlined bold objectives for the future, pledging to intensify efforts in collaboration with farmers. He aspired to completely eradicate the KSh500 billion food import bill, stressing the government’s commitment to strengthening the agricultural sector.
Inclusive Economic Model and Social Welfare
President Ruto underscored the government’s pursuit of an inclusive economic model, designed to foster widespread economic opportunities and create millions of jobs. He highlighted initiatives such as the Hustler Fund and the new NSSF contribution model as testimony to the administration’s dedication to promoting financial inclusion and social security for all citizens.
Healthcare and Public Service Accountability
Furthermore, President Ruto reaffirmed the government’s focus on achieving universal healthcare, underscoring the importance of prioritizing the welfare of all Kenyans. Additionally, he called upon public servants to execute their duties diligently, emphasizing the significance of efficient governance.
President Ruto’s address served as a beacon of hope, painting a promising picture of Kenya’s economic trajectory. The determined efforts and strategic initiatives outlined in his message reflect the administration’s steadfast commitment to fostering sustainable economic growth, inclusivity, and social welfare for all citizens.
