People Daily | by John Otini
Treasury is inviting public consultations on new proposals aimed at managing public debt in the country key among them is capping of public debt at 55 per cent of gross domestic product (GDP) rather than the current ceiling of Sh9 trillion.
“The Cabinet Secretary shall at all times maintain public debt at a level not exceeding 55 per cent of gross domestic product in present value terms,” the Treasury said in its proposed amendment…
