logo
ADVERTISEMENT

MACHARIA: State borrowing not a bad idea if money used effectively

Public debt is necessary because Kenya still needs roads, hospitals and schools.

image
by JAMES MACHARIA

Siasa12 October 2023 - 09:38
ADVERTISEMENT
Members of the public together with OKOA Uchumi conveners lift placards with different information outside the National Treasury house during a peaceful demonstration on December 9, 2021.

If we were to measure presidential success, as is the fashion now, by the least amount of money borrowed as a state, then Daniel  Arap Moi was the best president we ever had. In 24 years he borrowed less than Kibaki and Uhuru, standing at only Sh619 billion.

This is premium content

Subscribe to Continue Reading

Subscription

Help us continue bringing you unbiased news, in-depth investigations, and diverse perspectives. Your subscription keeps our mission alive and empowers us to provide high-quality, trustworthy journalism. Join us today to make a difference!

Already Subscribed? Sign in

logo© The Star 2024. All rights reserved