Why Kenya’s heavy debt might not be a bad thing

Many people worry that the funds are used to finance recurrent expenditure and servicing debt whose interest must be paid. [File, Standard]

One of the emerging trends in Kenya is that if you support the government position, you are declared either a sycophant or unsophisticated. In the raging debate on borrowing, which we are revisiting, we shall try to be objective, rise above politics and emotions.

We admit it is hard to be objective in such an emotional debate, with some Kenyans calling for President Uhuru Kenyatta to declare national debt a disaster. We can use some data and hopefully put our case forward. We are neither supporting NASA nor Jubilee but common sense.