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PREMIUM Ruto’s debt promise under scrutiny as President defends his record News Just now

PREMIUM Ruto’s debt promise under scrutiny as President defends his record News Just now

By GhanaSummary NewsroomKenya

President Ruto’s claim is not that Kenya has escaped its debt problem, rather, it is that he has slowed the growth of conventional public debt while maintaining an ambitious development programme and laying the foundations for alternative financing.

President William Ruto has mounted a vigorous defence of his administration’s record on public debt, arguing that Kenya has finally broken the cycle of rapid borrowing that characterised the previous two regimes.

Dr Ruto says the most important measure of his government’s fiscal record is not whether Kenya has stopped borrowing; it has not, but the pace at which public debt has accumulated.

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