Parliament, Analysts Blame Treasury For Kenya's Ballooning Debt

The Parliamentary Budget Office says that due to the rate of financial indiscipline in recent years, Kenya is likely to breach the ceiling, which Treasury managed to push to U.S.$87 billion in November to give room for more borrowing, in the medium term. Projections already indicate that public debt will hit U.S.$60 billion by 2020 and U.S.$70 billion in 2022.

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