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NAIROBI: “If we approve a lower figure, we’ll have to come back and ask for more. So we thought, why not have enough until 2017?” Cabinet Secretary, Henry Rotich.
It all started on December 9, 2014. The Government’s borrowing limit from external sources was Sh1.2 trillion. Government required the approval of Parliament to increase this borrowing limit. The Government intended to increase this limit to Sh2.4 trillion.
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