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Delicate balance between fiscal space and economic expansion
The delicate balance between fiscal restraint and economic expansion calls for innovative approaches to financing development without placing excessive strain on public debt.
Across many emerging economies, fiscal space remains constrained as governments grapple with rising expenditure pressures, increasing debt obligations, and macroeconomic uncertainties. Kenya is no exception.
The trend among developing economies has been one of expanding debt, largely driven by infrastructural investment, social spending, and efforts to buffer against external shocks.
