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Pundits have, for ages, been warning against the Jubilee administration’s penchant for unsustainable borrowing. Not once, this column has cautioned on the perilous path to debt distress taken with reckless abandon.
The Central Bank of Kenya governor and the Controller of Budget have joined the chorus of those calling for restraint. The latter has asked MPs to “save the country from debts” by reining in Executive spending.
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