Steve Maina

Nearly half of Kenya’s projected FY 2026/2027 budget will go to debt servicing instead of development. Out of the Ksh 4.82 trillion budget, taxpayers will pay approximately Ksh 2.3 trillion toward debt obligations, including Ksh 1.3 trillion consumed purely by loan interest payments before meaningful development spending even begins. Under Kenyan law, debt repayment is a “first charge” on national revenue. Creditors are paid first, before hospitals, schools, counties, agriculture, or public services. At the same time, Kenya continues borrowing heavily to repay maturing loans and cover budget deficits. The public debt has now risen to approximately Ksh 12.4 trillion, while ordinary citizens continue facing unemployment, high taxation, failing services, and rising economic hardship. Kenyans must ask: Who borrowed this money? Were all these loans borrowed procedurally as per the constitution? Who benefited? Why should citizens repay debts arising from corruption, secrecy, inflated contracts, and mismanagement? An odious debt is not a people’s debt. It is a regime debt. This constitutional and economic battle continues in court. The matter comes up on 25th June 2026 at the Milimani Law Courts. Kenyans must remain vigilant. This fight is about economic justice, accountability, and the future of our Republic. #DeniBandia #OdiousDebt #ReKe