Government to blame for high cost of living, economists say

Controller of Budget Dr Margaret Nyakang'o (left) at Bomas of Kenya before the National Dialogue Committee. [David Gichuru, Standard]

Economic experts have blamed unnecessary government expenditure, exaggerated budgeting and integrity issues as causes of the prevailing economic crisis fueling inflation, increased taxes and high cost of living.

Speaking yesterday at Bomas of Kenya before the National Dialogue Committee, Controller of Budget Dr Margaret Nyakang'o, said many of the loans taken by the government including those in 2022, had ambiguous definitions.