Breaking Kenya News Forum


Public Debts

There is no country on earth which do not have a debt which simply means that we borrow to supplement our budgets for the fiscal years. However, borrowing too much has its own risks and whenever a country borrows they should monitor their spending and the burden they are adding on its on citizens. A country like south Africa should be worried about their spending habits and the debts they keep on accepting both internally and externally .It can only make sense if the money borrowed was used efficiently to empower the citizens who later generates the income and create revenue for the government to service the loans. Do you feel that some borrowing are unnecessary?

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