The Impact Of External Debt Servicing On Capital Formation And Gross Domestic Product In Kenya

85 pages ID: BFN2334

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Project Details

DepartmentBanking and Finance
TypeProject
Pages85
Reference StyleYES
FormatMS Word & PDF
Reference No.BFN2334

Abstract

ABSTRACT Kenya is seeking to meet the Sustainable Development Goals-2030 agenda. The serious challenge to this course remains the soaring debt obligations, capturing a significant portion of the national budget. Kenya has been borrowing externally at higher rates and continually expanding the debt ceiling. The government will therefore in future spend a significant portion of its revenue repaying the debts at the cost of important local investment. The government is therefore limited to fully fund critical sectors of the economy that will spur sustainable growth and investment opportunities; …

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Pages85
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