Rotich, however, defended the government’s borrowing levels saying the IMF has indicated in its reports that the country’s debt at is sustainable. Mbadi, however, noted the IMF in March delivered the credit question the Jubilee government’s debt levels will soon be unsustainable unless it reassess its investment priorities. Mbadi also questioned the government’s rationale to borrow more at the same time overtaxing with little to show for the billions. Treasury Cabinet secretary Henry Rotich has denied claims the government is over-borrowing with little to show from the proceeds in terms of economic growth. The PAC report recommended that the CSs who bought space to hit at the auditor be surcharged,” he said.

Source: The Star July 14, 2016 00:37 UTC