Other infrastructure projects like dams, roads and energy are equally billed to consume a considerable chunk of the cash. DEBTBut the greatest concern remains the government’s appetite for debt to meet its financial obligations. At least, it will have to borrow more than Sh600 billion to plug the black hole and pile up the debts. The Budget estimates come at a time when the country is struggling with huge loans, whose viability and returns are in question. PRUDENCEIn recent years, the country has borrowed heavily to fund infrastructure projects, mainly roads, the railway and energy, which are levers for economic development.
Source: Daily Nation April 30, 2019 21:11 UTC