Experts say taming development expenditure more prudent for Kenya now

Cabinet Secretary Treasurer Henry Rotich and his PS Kamau Thugge at a past press briefing. File/Standard

NAIROBI: The Government needs to manage its development costs or end up borrowing heavily to finance the budget, according to a new report.

Ratings agency Moodys says the Government has more control over development spending than the wage bill and will have to go slow on projects if the country is to meet the debt level targets set by the National Treasury.