"We are dangerously comfortable with stacking debt upon debt. We must ask ourselves: are we borrowing to consume today, or are we borrowing to invest in a productive capacity that will pay for this debt tomorrow? The latter is the only sustainable path."

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Economists from KenyaBusinesswomen from Kenya
Original Language: English

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On Public Debt and Economic Sustainability. A clear warning about Kenya's public debt trajectory, distinguishing between productive and consumption-based borrowing.