Kenya could run out of funds to subsidise fuel costs in the 2022/23 fiscal year if prices keep rising, which could push public debt to unsustainable levels and jeopardise the scheme, the country s.
BBC News
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In our series of letters from African journalists, Kenyan broadcaster Waihiga Mwaura looks at the anxiety in his country over its growing debt levels.
In many countries the willingness of global institutions, like the International Monetary Fund (IMF), to beef up the state coffers with a loan is seen as a sign of approval.
It shows that the economists in far away Washington have confidence that the country can afford and properly manage the interest payments.
But this is not how some Kenyans see things - they do not want the IMF to give the country any more money.