Think tanks urge State to go slow on borrowing

The National Treasury building in Nairobi. PHOTO | SALATON NJAU | NMG

A group of independent economic think tanks has stepped up pressure on the State to limit borrowing, warning that the rising levels of Kenya’s debt stock posed a threat to service delivery in the short term.

The experts who are drawn from the Institute of Economic Affairs (IEA) and National Democratic Institute (NDI) particularly took issue with the high risk of unpaid salaries and slowdown in the implementation of public infrastructure projects.

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