Kenya's Debt: Is the Government's Plan Working?

Kenya's National Debt: A Conversation with Cabinet Secretary John Mbadi Kenya's national debt has been a subject of public debate. To shed light on the situation, we spoke with John Mbadi, Cabinet Secretary of the National Treasury. Mbadi emphasized that while the country continues to borrow, there is a strategic plan in place to manage the debt and reduce budget deficits. "Yes, we're borrowing, but there's a plan," Mbadi stated. "Budget deficits are shrinking, and that's key." He detailed how the government is working to decrease the deficit, citing figures from previous years to illustrate the progress made. He also addressed concerns about upcoming loan repayments, emphasizing the government's strategy for responsible borrowing. While acknowledging the concerns surrounding the national debt, Mbadi expressed confidence in the government's ability to handle the situation effectively. His explanation of the government's strategy and the provided data offer a reassuring perspective on the country's financial outlook.