Is EAC’s debt headed for the iceberg?

National debts are there because governments the world over do borrow because of inadequacy of revenue from their own sources like tax

By  Zephania Ubwani  &  Gadiosa Lamtey

What you need to know:

  • While Kenya is planning to enact a law on debt ceiling, Tanzania intends to borrow a whopping $2.34 billion to finance the $18.1 billion budget for 2022/23

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