Borrow wisely and account for public cash

The International Monetary Fund in its latest Economic Outlook report has projected an impressive growth for Kenya in 2016, but it has also issued a red alert about the country’s fiscal deficit.PHOTO: COURTESY

The International Monetary Fund in its latest Economic Outlook report has projected an impressive growth for Kenya in 2016, but it has also issued a red alert about the country’s fiscal deficit.

The Jubilee government has undertaken numerous ambitious infrastructural projects, including the construction of the Sh327 billion Standard Gauge Railway, that has seen expenditure exceed the country’s revenues.