It is worrying that the government intends to raise the public debt ceiling to Sh9 trillion by 2023. The acting Treasury Cabinet Secretary says maintaining the current debt cap will hurt the government’s ability to deliver the Budget goals while the Budget and Appropriations Committee chairman in Parliament says the country has surpassed its debt ceiling.
As a country, we need to ask why the debt cap has been breached and yet debt appetite has been getting sharper despite the little growth there is to show for it.
