Effect of public debt on economic growth in Kenya - Ngugi, Wanjuki
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The book is valuable to all countries since public debt on financing country budget is common. The problem of public debt management affects even individuals. In Kenya particularly it is a thorny issue because more than 50% of the budget is financed through debt and hence need to utilize finances well and more so on infrastructural development rather than on recurrent expenditure. Other ways of financing country budgets need to be explored to avoid accumulating debt leading to increasing the cost of borrowing. In the short run the author realized a crowding out effect of private investors…mehr

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Produktbeschreibung
The book is valuable to all countries since public debt on financing country budget is common. The problem of public debt management affects even individuals. In Kenya particularly it is a thorny issue because more than 50% of the budget is financed through debt and hence need to utilize finances well and more so on infrastructural development rather than on recurrent expenditure. Other ways of financing country budgets need to be explored to avoid accumulating debt leading to increasing the cost of borrowing. In the short run the author realized a crowding out effect of private investors existed and if Kenya is not careful with the level of borrowing, in the long run, a debt overhang effect will be felt whereby money meant for development will be used to paying the debt service or cost of borrowing.
Autorenporträt
The author graduated with a Bachelor degree in Business Management (finance and Banking option) at Moi University on December, 2011 and on July, 2016 graduated with a Master¿s of Science in Finance at Kenyatta University. She is currently working for Kenya Institute for the Blind as a senior Accountant from 2008.