• Thu, January 23, 2025

by: Tuko

Kenya's Debt Distress: Govt Warned to Reduce Borrowing, Cut Taxes to Salvage Falling Economy in 2025

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by: Forbes

This Week In Credit Card News: Cardholders Stressed With Rising Balances And Delinquencies

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by: Reuters

Japan cautious on economy as Trump's policies take centre stage

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by: MSN

PepsiCo's SWOT analysis: stock faces challenges, but analysts remain bullish

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by: MSN

Is Cosan S.A. (CSAN) the Worst Performing Energy Stock in 2024?

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by: Reuters

JPMorgan CEO Dimon's 2024 pay rises after record profit

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by: Reuters

Los Angeles artists, collectors reel from wildfires

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by: MSN

Trump's 80% stake in his memecoin is a 'huge red flag' for investors because a rug pull could bolster the president's riches but torpedo his reputation

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by: Reuters

India set to raise farm budget by over 15%, biggest increase in six years

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by: MSN

Fire in Jersey City destroys at least one business and apartments

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by: MSN

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by: MSN

Trump's 80% memecoin stake is a 'huge red flag' for investors because a rug pull would rocket the president's net worth but also embarrass him

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by: MSN

Progress Software Corporation (NASDAQ:PRGS) Q4 2024 Earnings Call Transcript

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by: MSN

BI Davos Diary: Even a night of parties can't stop the conversations about AI

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  • Fri, January 24, 2025

by: Tuko

Tanzania Unveils New Banknotes to Be Circulated from February 2025

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by: Politico

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by: Fortune

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by: cnbctv18

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by: cnbctv18

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by: Forbes

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by: Reuters

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by: MSN

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by: MSN

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by: MSN

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by: MSN

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by: MSN

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by: MSN

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by: MSN

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by: MSN

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by: MSN

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Kenyan mother curses daughter for failing to give her money "Anaomba pesa kila saa"

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by: MSN

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Kenya's Debt Distress: Govt Warned to Reduce Borrowing, Cut Taxes to Salvage Falling Economy in 2025

President William Ruto's administration faces a high risk of debt distress in 2025, which could further sink Kenya's economy. Institute of Public Finance (IPF) Kenya Macro Fiscal Analytic Snapshot 2025, indicated that Kenya has breached all the International Monetary Fund (IMF) debt sustainability ratios.
The article from Tuko.co.ke discusses Kenya's escalating debt distress, highlighting warnings from the World Bank and the International Monetary Fund (IMF) about the country's economic situation. Kenya's public debt has surged to KSh 10.1 trillion, with the debt-to-GDP ratio expected to reach 78% by June 2024, surpassing the IMF's recommended threshold of 55% for developing countries. The government has been advised to reduce borrowing and cut taxes to mitigate the economic downturn projected for 2025. The article points out that despite these warnings, the Kenyan government has continued to borrow, with significant loans from China and other international lenders. This has led to increased debt servicing costs, which now consume a large portion of the national revenue, potentially leading to a situation where Kenya might struggle to service its debts. The IMF and World Bank suggest fiscal consolidation, reducing non-essential spending, and enhancing revenue collection to stabilize the economy. However, the government's approach has been criticized for not addressing the root causes of the economic strain, potentially leading to a more severe economic crisis if corrective measures are not implemented promptly.

Read the Full Tuko Article at:
https://www.tuko.co.ke/business-economy/576420-kenyas-debt-distress-govt-warned-reduce-borrowing-cut-taxes-salvage-falling-economy-2025/

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