People Daily | by John Otini
Analysts have warned that Kenya could soon find itself unable to borrow anymore after it emerged that the government has reached an agreement with lenders to borrow additional Sh1.3 trillion.
This means that public debt will rise from Sh7.1 trillion to Sh8.4 trillion at a time when tax revenues have been battered by Covid-19 while dollar supply is shrinking.
Economic analyst Reginald Kadzutu says the extras include pension liabilities estimated as close to Sh1 trillion coupled with parastatal guarantees…
