Previous regular debt audits by the Auditor General’s office have borne no fruit, causing a depressed tax policy at the taxpayer's expense.
Kenya's public debt has ballooned from Sh2 trillion to over Sh10 trillion in a decade, pushing the debt-to-GDP ratio to a precarious 70 per cent.
According to the petitioners, the President's action undermines the constitutional role of the Auditor General, which could erode public trust and potentially abuse political power.
Push for increased revenue mobilisation has taken a hit on Kenya, resulting in the anti-tax protests.
The taskforce was gazetted on Friday a few minutes after President William Ruto announced new austerity measures following widespread rage over the wastage of public funds
The lawyer's lobby declined the appointment noting that auditing public debt is a role designated by the constitution to the office of Auditor General Nancy Gathungu.
"Despite all this, as a nation, we are finally having the right conversation, not about our tribes, personalities, or political formations, but rather issues that affect each and every one of us," Ruto stated.
After 90 days, the task force will have served its purpose and report directly to the President.
To address this, the Committee says financing of the gap will predominantly shift towards foreign borrowing.