Gatundu South Member of Parliament, Moses Kuria, has unveiled a plan championed by his recently formed party, Chama Cha Kazi, aimed at breaking the country's public debt curse.
The outspoken lawmaker, through a detailed social media post shared on Thursday, September 9, stated that his new model seeks to eliminate the Ksh6 trillion public debt.
"In this season of high politics, remember we will not start a new country from the scratch. We will continue collecting Ksh2.6 trillion in tax revenues, spending Ksh1.5 trillion in salaries, Ksh1 trillion in debt servicing, and the balance of Ksh100 billion in pensions," highlighted the legislator.
"Without borrowing, we will not have a single penny for development. Any candidate or party presenting an economic model must start by presenting to you a solid plan for eliminating the Ksh6 trillion public debt."
Chama Cha Kazi, in its strategy to break the debt curse, is planning to push for a five-year tax holiday to any majority of Kenyan-owned companies with real operational presence in at least 10 countries in order to make them competitive even away from the country.
Kuria has vowed to push for the sale of government stakes in strategic parastatals like Kenya Ports Authority, Kenya Airports Authority, Kenya Pipeline, Kenya Railways, Kenya Power in order to offset the Ksh6 trillion debt.
The Gatundu South lawmaker, in his economic recovery blueprint, is planning to push for international auctions of all mining and oil exploration concessions including Mrima Hils Rare Earth deposits in Kwale and the proceeds channeled at paying the huge debt accumulated.
For civil servants, Kuria has hinted at the introduction of the Golden Handshake programme that will be focused on converting 500,000 civil Servants into 500,000 Small and Medium Enterprises (SMEs) and later convert their send-off package into a non-repayable start-up capital to be administered through the Kenya National Chamber of Commerce and Industry (KNCCI).
Kuria has since called out on other political parties to share realistic economic models, not just empty rhetoric.
"That is us. Now ask the others for their practical and realistic plans not empty economic rhetoric," Kuria noted.
Kuria's Chama Cha Kazi, became the seventy-fifth fully registered party after complying with conditions set in Section 7 of the Political Parties Act, 2011 according to Registrar of Political Parties (ORPP).
Since its registration, Kuria has been sending mixed signals on his political future with the latest stand being that he will not defend his parliamentary seat.
On August 31, disclosed that he would not vie for any seat in the 2022 General Election affirming that he would solely focus on building his Chama Cha Kazi party in the Mt Kenya region.
Through Chama Cha Kazi party, Kuria insisted that he would push for the dignity of work, sanctity of enterprises, and unity in diversity.
Other than that, Kuria has maintained that he will not join United Democratic Alliance (UDA) despite declaring support for Deputy President William Ruto's presidential bid.
Kuria has maintained that the region does not need to dissolve their own political parties to back Ruto.
