Lobby wants Senate, counties in debt talks

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Business Daily | by Edwin Mutai


A lobby group wants the Senate and counties to be involved in the discussion on national borrowing because it has an impact on the revenue that is shared between the two levels of government.

The International Budget Partnership Kenya (IBP Kenya) told Senators that total debt service has been growing at a very high rate and is limiting how much is available for allocation to devolved services.

“Public debt, pensions and other charges of the consolidated fund services are crowding out the amount available for…

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