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Public Debt Service during Covid-19 Crisis to increase Miseries of the Poor in Kenya
- August 27, 2020
- Posted by: IPF Kenya
- Category: Policy Brief
1 Comment
The analysis revealed that the growth observed in Kenya’s expenditure has majorly been fuelled by the high public debt spending. This has been at the expense of pro-poor sectorial spending such as spending in the health, social protection, water and sanitation and the education sectors.
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WHAT DOES IT MEAN WHEN THE GOVERNMENT BORROWS FROM THE LOCAL COMMERCIAL BANKS?
- August 12, 2020
- Posted by: IPF Kenya
- Category: Policy Brief
Kenya’s appetite for debt has increased over the years, reaching slightly about Kes 6.33 billion in April 2020 according to the latest Statement of actual revenues and expenditures (Republic of Kenya, 2020). Publicly available data shows that by the end of February 2020, the government had borrowed about Kes 3.04 trillion from the domestic market and about Kes 3.12 trillion externally (CBK,2020).
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MEMORANDUM TO THE FINANCE AND PLANNING COMMITTEE OF THE NATIONAL ASSEMBLY
- May 26, 2020
- Posted by: IPF Kenya
- Category: News&Events, Public Debt
The country has consistently failed to meet its revenue targets due to unrealistic revenue projections.
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Foreign currency reserves
- April 27, 2020
- Posted by: IPF Kenya
- Category: Public Debt
The CBK statutory requirement to maintain at least 4 months of import cover (Sec 26 of the CBK Act) while the EAC region’s convergence criteria is 4.5