Safina Deputy Party leader Willis Otieno has criticised the government’s borrowing practices, warning that rising debt risks mortgaging the country’s future while benefiting only a small elite.

Taking to his X account on Wednesday, April 29, 2026, Otieno criticised what he termed “predatory debt,” claiming that public borrowing should be directed toward productive national development rather than sustaining corruption, waste, and recurrent expenditure.

“We reject predatory debt that mortgages the future of generations yet unborn while enriching a small political and financial elite today. Borrowing should serve productive national development, not sustain corruption, waste, and endless consumption,” Otieno said.

Revenue goes to loans

According to Otieno, a significant portion of government revenue is increasingly being channelled toward servicing loans instead of financing key sectors such as healthcare, education, agriculture, infrastructure, and job creation.

“A country cannot build genuine prosperity when most of its revenue is diverted toward interest payments instead of investment in critical sectors,” Otieno noted.

He warned that lack of accountability in debt management ultimately shifts the burden to ordinary citizens through higher taxes, inflation, and reduced access to essential public services.

The governance expert further called for greater transparency in public borrowing and emphasised the need for fiscal discipline to safeguard the country’s economic sovereignty.

“Economic sovereignty begins with fiscal discipline, transparent borrowing, and investments that create long-term national value rather than permanent dependence,” he added.

Kenya suffers from a leadership class

Otieno has also issued a warning over the country’s economic trajectory, cautioning that Kenya risks a systemic breakdown if its reliance on debt-driven governance continues unchecked.

Otieno argued that Kenya’s challenges are not rooted in a lack of potential but in what he described as a leadership culture deeply entrenched in excessive borrowing, opacity, and short-term political decision-making.

“Kenya does not suffer from lack of potential. Kenya suffers from a leadership class addicted to debt, opacity, and short-term political survival,” Otieno stated in a statement.

He further warned that the current economic model, characterised by heavy borrowing, rising taxation, and persistent fiscal pressure, is fundamentally unsustainable and could eventually collapse under its own weight.