The National Treasury will have a free hand to breach the new debt ceilings as long as it can explain to parliament what caused excessive borrowing if changes to the law are approved.
Treasury Cabinet Secretary Ukur Yatani is seeking views from the public on the proposed changes to the law that will see Kenya revert to a debt ceiling based on a percentage of the size of the economy and allow Cabinet secretary Ukur Yatani to breach the cap with explanation to MPs.
