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Government mulls over setting public debt ceiling

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Kenya will soon have a fixed national debt ceiling which will ensure that the government operates within set limits that is sustainable and does not exert unmanageable pressure on the economy.

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Acting Treasury Cabinet Secretary (CS) Ukur Yatani said that in the past we have been expressing our debt in terms of percentage ratio to the Gross Domestic Product (GDP) but added they now want to be more transparent to the Kenyan people because GDP is a moving target hence when the GDP grows next year, the…

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