People Daily | by Noel Wandera
The government has proposed to peg its borrowing on the gross domestic product (GDP) amid concerns that the move may prompt the debt stock to surge beyond the Sh9 trillion ceiling.
In his budget statement last week, National Treasury Cabinet Secretary Ukur Yatani submitted that the ceiling is fixed at 55 per cent of debt to GDP in present value terms, arguing that the current limitation is inhibitive to service provision and effects of external shocks…
