An analysis of Kenya’s public debt profile on opening the dark corners of the budget to ensure greater public debate and oversight of Public Finance Management decision-making processes.
Kenya, like many other developing countries, has faced high competition for public resources in an effort to offer public services. The Covid-19 pandemic has also led to an increase in the stock of public debt in the East African States, as the countries contracted new loans to mitigate the spread of the virus. This, in retrospect, has necessitated borrowing either domestically or externally to offset the budget deficits.
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