Kenya’s public debt sprints to Ksh12.3 trillion in three years under Ruto as Treasury’s fiscal indiscipline comes under serious scrutiny
Dr Nyakang’o also criticised the use of Article 223 of the Constitution to finance previously rejected expenditures, terming it a “back door” that undermines fiscal discipline.
Kenya’s President Ruto tried to de-dollarise African economies and crashed out, now green buck is bracing for end to its dominance
Ballooning US fiscal deficits – projected at $1.9 trillion in 2025 – together with a widening current-account gap, estimated at 6 per cent of GDP, are adding pressure to the dollar. On top of this is the overuse of the “printing press,” meaning the creation of large amounts of new money to finance spending.
