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The Standard e-Paper
Kenya’s Boldest Voice
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.
Article 214 (2) of the Constitution defines public debt as "all financial obligations attendant to loans raised or guaranteed and securities issued or guaranteed by the national government."
Debt, when taken and invested prudently, is a catalyst for development. The converse holds true. When a country takes on more debt than it can possibly repay, debt default follows.
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