PREMIUM Why Budget, Audit chiefs feel country headed in the wrong direction Kenya is facing a critical fiscal crossroads amid soaring liabilities. News 7 min ago
The country’s top financial watchdogs are warning that Kenya is facing a critical fiscal crossroads amid soaring liabilities, with public debt crossing the Sh13 trillion mark, as refinancing challenges due to depressed revenue streams intensify.
While Ms Gathungu recognizes that public debt is a legitimate fiscal instrument for financing development, supporting economic growth and addressing budgetary needs, she advises that “prudent debt management requires that borrowing decisions be transparent, sustainable and aligned with national priorities.
Summary Article What you need to know: Kenya is facing a critical fiscal crossroads amid soaring liabilities, with public debt crossing the Sh13 trillion mark.
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