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Taming public debt elusive

Financing excessive expenditures through borrowing has driven Kenya’s level of debt distress from low risk to high risk within a short period of time. PHOTO | POOL

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By  GEORGE BODO

Three months ago, a new sheriff came to town. And of course, that has meant a new way of doing things in several aspects of public administration.

However, we are yet to see a disruption in the management of public finances and one key area that still awaits reforms is public debt management.

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