Relationship Between Expenditure on Oil Imports and Public Spending - Imbogo, Zakayo; Wawire, Nelson H W
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Since independence, oil imports in Kenya have been rising mainly to sustain the nascent transport, manufacturing, energy, agriculture and maritime sectors among other uses in the country. The growth in the country¿s oil import bill has however been closely related to public spending in the health and education sectors which experienced shocks owing to the growth in expenditures apportioned to the rising volume of oil imports. Given the significance of the social pillar of the Kenya Vision 2030 and the inconsistency in the progress towards achieving the Sustainable Development Goals, which is…mehr

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Produktbeschreibung
Since independence, oil imports in Kenya have been rising mainly to sustain the nascent transport, manufacturing, energy, agriculture and maritime sectors among other uses in the country. The growth in the country¿s oil import bill has however been closely related to public spending in the health and education sectors which experienced shocks owing to the growth in expenditures apportioned to the rising volume of oil imports. Given the significance of the social pillar of the Kenya Vision 2030 and the inconsistency in the progress towards achieving the Sustainable Development Goals, which is inherent in the Kenya Vision 2030, understanding the linkages between the aforementioned trends in expenditures can help in explaining the progress towards attaining the education and health facets of the social pillar.
Autorenporträt
Zakayo Goddard Imbogo is an Economist at the department of applied economics, Kenyatta University with an entrenched interest in the field of Oil and Gas in Africa. His studies in International Trade and Finance paved a clear way to unearthing the effects of Oil and Gas in Developing economies.