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SUSTAINABILITY OF PUBLIC DEBT

By Anthony Wafula A growing concern in the world today is the rising indebtedness of low-income countries. This continues to raise critical questions on debt sustainability. Many countries have elevated levels of debt as the primary concern now is whether they can meet their obligations without upsetting the future structure of revenue and income. Nonetheless, IMF has pushed countries to spend as much as is viable to protect the vulnerable. In May, the IMF provided

By Charles Kibigo Wagner’s law of state, also known as the law of increasing state spending, holds that for any country, public expenditure rises constantly as income growth expands. Loosely translated, with economic growth and development, a nation will experience an increase in the activities of public sector, which is generally proxied by sectoral expansion of public expenditure in a country. The underlying claims of this principle, which is named after the German economist Adolph

By John Mburu The sustainability of public debt is a hotly debated topic in Kenya. The media and the public sentiment are that the public debt is high, while policy makers – especially at National Treasury believe that the debt level in Kenya is sustainable. The public debate has largely played out on social media with Kenyans expressing anger at the continued government borrowing by starting a petition and a twitter hashtag #stoploankenya to cancel

By Charles Kibigo Just recently, we concluded two validation workshops seeking to rally invited key stakeholders behind the adoption of an electronic data capture and recording system. The goal of this system is to simplify routine reporting by the Office of the Controller of Budget (OCOB).  Allow me to first set the context. Our consulting firm, Expertise Global Consulting Ltd (EGCL) was contracted by UNICEF, to develop this system in what can be considered a

A public expenditure tracking survey (PETS) is an instrument developed by the World Bank, to determine how much of the allocated budget reaches its intended implementing unit. It helps reveal what percentage of the allocated resource is deployed to the intended beneficiary and determines the measure of unaccounted resources along the way, if any. It should be noted however, unaccounted resources as measured by PETS does not automatically point to corruption. Often times, it reflects a reallocation of funds for activities that are considered priority at the