×
The Standard e-Paper
Smart Minds Choose Us
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.
Kenya is on a borrowing spree that has pushed the outstanding debt to Sh3.4 trillion, according to figures released by Treasury last week.
Already, Treasury has set the stage for a Sh689.1 billion loan to plug the budget deficit. Make no mistake, countries like the United States ( the World's biggest economy) and Japan (third) have GDP-debt ratios of over 100 per cent. According to the World Bank, Germany, Europe's biggest economy and one of the countries regarded as fiscally disciplined, had a debt to GDP ratio of 79 per cent in 2013. So debt is not entirely a bad thing.
Subscribe to our newsletter and stay updated on the latest developments and special offers!
join