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INTERNATIONAL JOURNAL OF BUSINESS EDUCATION AND MANAGEMENT STUDIES

International Journal of Business Education and Management Studies (IJBEMS)

Current Issue

EFFECT OF PUBLIC DEBT ON ECONOMIC GROWTH IN KENYA

IJBEMS  ·  VOL 9 ISSUE 1 2019  ·  2019-11-25
Publication Details
Author(s)
WANJUKI NJIRU NGUGI
Article Type
Research Article
Issue
VOL 9 ISSUE 1 2019
Volume
9
Number
1
Pages
1-7
Publication Date
2019-11-25
Abstract
The study investigates the effect of public debt on economic growth in Kenya, between 1980- 2013.The choices of period was guided by data availability and escalation of Kenya’s public debt. The main problem is that, Kenya government has been relying heavily on public debt, aid and grants as a source of finance. This has resulted to a buildup of the level of public debt stock which has led to funds being diverted to debt servicing at the expense of economic development and domestic consumption.
Keywords
ECONOMIC growth duration stagnant growth