Sam Shollei: Renewing Kenya: We cannot borrow our way to prosperity Borrowing is not necessarily bad. What is bad is when a country borrows to fund non-priority development and recurrent expenditure. Guest Blogs 3 hours ago
The next administration should launch a National Fiscal Recovery Programme with one clear objective: restore confidence in Kenya's public finances while laying the foundation for long-term economic growth.
Countries with sound public finances enjoy lower borrowing costs, attract greater investment, create more stable business environments and are better able to respond to economic shocks.
Kenya today finds itself trapped in a cycle where public expenditure consistently exceeds public revenue.
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