The Standard Group Plc is a multi-media organization with investments in media
platforms spanning newspaper print operations, television, radio broadcasting,
digital and online services. The Standard Group is recognized as a leading
multi-media house in Kenya with a key influence in matters of national and
international interest.
Jua kali artisans at work in Gikomba, Nairobi. [Boniface Okendo, Standard]
This week, I had the privilege of being a co-guest on Spice FM's popular morning talk show. The topic of discussion was how to strike a sustainable balance between taxes and public debt.
In monetary economics, there is no distinction between taxation and public borrowing. Public debt essentially amounts to pre-collected taxes. In the end, what the government borrows will inevitably translate into future taxes.
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