I will not betray Ruto; CS Mbadi
Treasury CS Mbadi swears loyalty to President William Ruto, vows to never betray him
Treasury CS Mbadi swears loyalty to President William Ruto, vows to never betray him.
National Treasury Cabinet Secretary John Mbadi has reaffirmed his loyalty to President William Ruto citing the trust and confidence placed in him to lead the docket.
Mbadi was speaking at Ndhiwa Kenya Medical Training College (KMTC) grounds in Homa Bay County on Tuesday during a stakeholders meeting to discuss development matters of the region.
“The President can give you any ministry but not the Ministry of Finance. The kind of confidence and the risk that he (Ruto) took to appoint me makes it very difficult for me to betray him,” Mbadi said.
Mbadi vowed to focus on delivering results over political debates.
“And therefore, mine is not to force people and chest thump that President Ruto should get another term. We are not in that debate as at now,” Mbadi added.
He emphasised his commitment to resolving pressing financial challenges rather than engaging in discussions about future political campaigns.
‘What I want is to work for him (Ruto), to make things that are not working work. Once we have corrected and made things work, we will come and tell Kenyans that we want you to give us another opportunity to continue working,” Mbadi said.
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The CS also highlighted key financial milestones achieved under his leadership since he took over office.
Mbadi noted significant reductions in Kenya’s budget deficit and currency stabilization.
“When I took over as the CS for Finance, there were challenges in this country. These challenges were better but were not as bad as when the last regime left office when the budget of Kenya to GDP was 8.1 percent. As we speak, we are reducing it to 4.3 percent and next year it will be 3.8 percent and in the next two years the budget deficit must be below 3 percent,” Mbadi stated.
He also addressed the volatility of the Kenyan shilling, which traded as high as Sh160 against the US dollar earlier this year. Currently, the shilling has stabilized at Sh129 per dollar.
According to Mbadi, government borrowing has decreased by 1.5 percent since he assumed office.
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