#money
#investing
#tax
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Kenya Public Debt has risen tremendously in the past few years making the country to resort to strenuous measures like increasing tax on basic such as fuel and expenses in houses to be able to raise money to repay interest and debt principal amounts, and remain with some money to run the economy. Clearly on a tight path, Central Bank of kenya governor Dr Patrick Njoroge shared that the country is struggling on matters money as the public debt has ballooned to range of 9 trilion shillings with domestic borrowing and external borrowing taking good financial resources from income the government makes. Example, for every 100 shillings made 40 shillings goes to servicing debt - which in case the debt ceiling is raised further, wont be sustainable for Kenya's economy as already money flow is a challenge.
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