Nation | by David Mwere
The Parliamentary Budget Office (PBO) says that fiscal indiscipline at the National Treasury is the reason the country’s public debt has grown exponentially in recent past.
But even as the public debt continues to expand, PBO says Kenya has no option but to borrow more externally to finance the 2021/22 budget as the country experiences revenue constraints that existed even before Covid-19 made an unwelcome appearance.
However, to borrow more, the National Treasury has to get Parliament to amend the Public Finance Management Act…
