There has been a lot of talk and focus on the size of the national debt and little on its mismanagement. The World Bank’s latest review has pointed out the weak capacity of the Debt Management Office (DMO) and its lack of clear leadership and accountability. It says although the Treasury publishes Debt Management Strategy papers, it isn’t clear that this is being followed. REVENUEThe only way out of the current budget problems and a potential debt crisis is to manage the debt portfolio well. You cannot have five consecutive years of more than eight percent fiscal deficit and not experience a debt crisis.

Source: Daily Nation September 19, 2018 20:15 UTC