CS Yatani dismisses claims over Country bankruptcy

Treasury cabinet Secretary Ukur Yatani.
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Outgoing National Treasury & Planning Cabinet Secretary, Ambassador Ukur Kanacho Yatani has brushed-off claims that the country is insolvent.

Yatani accuses how irresponsible the leaders are in spreading rumors that the country has less than 100 million in its coffers.

Following the scuttlebutt from President Ruto’s allies that former President Uhuru Kenyatta left 93.7 million in the exchequer, CS Ukur Yatani termed it a ”sham” as leaders are expected to observe the truth.

“We collect money on a daily basis and distribute it based on competing needs,” the CS said on Thursday during the Senators induction in Naivasha.

CS Yatani dismisses claims over the Country's bankruptcy.
CS Yatani dismisses claims over the Country’s bankruptcy. [PHOTO: Courtesy]

Prior to Yatani’s reaction, Nandi Senator, Samson Cherargei was among Ruto’s allies who spread the news that Uhuru’s government left the Kenyan economy lying on its deathbed.

“President Wiliam Ruto found only Ksh93.7 million at the treasury. Uhuru went home with everything. State Capture is real.

“The country is broke. Kenyans, let us be patient. Ruto shall fix this through economic transformation and prayers from all of us. Amen,” Cherargei claimed

Deputy President Rigathi Gachagua was another individual who in various addresses, raised concerns saying the country was facing an economic crisis.

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However, it was contrary after CS Yatani scolded those who spread the allegations when addressing senators on the induction at Sawela Lodge in Naivasha.

“The government doesn’t collect cash on a monthly basis before allocating it for different use and those claiming that there is only Sh93m are speaking out of ignorance,” he said.

He however admitted that the country hovered challenges in revenue collection.

“The government has monthly obligations of paying salaries, sorting debts, disbursement to counties and judiciary among others and this relies on revenue collection,” said Yatani.

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