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Fiscal Policy and Public Debt in Kenya
(IOSR Journal of Economics and Finance, 2018-09)
Fiscal policy in Kenya has been unstable. Fiscal balance to GDP ratio worsened from a surplus of
0.2 percent to a deficit of 7.6 percentwhile debt to GDP ratio rose from 25.4 to 56.2 percent between 1963 and
2015. This ...
Macroeconomic Environment and Public Debt in Kenya
(2018)
Purpose: To estimate the optimal levels of real economic growth rate needed to stabilize debt
levels and carry out a stochastic debt simulation to determine the possible future debt path
and its distribution in ...