Business Daily | by Constant Munda
The Parliamentary Budget Office (PBO) wants lawmakers to change how Kenya calculates the public debt ceiling from numerical limit to one based on a ratio of economic output.
BPO — the unit which advises members of parliament (MPs) on financial and economic matters — argues that arbitrary setting and raising of debt ceiling based on a numerical limit is delinked from economic indicators like size of the economy
This comes at a time Treasury secretary Ukur Yatani indicated he will be seeking approval from MPs to…
