Effect of public debt on economic growth in Kenya

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dc.contributor.authorOmuse, Racheal Nekesa
dc.date.accessioned2023-02-01T13:56:59Z
dc.date.available2023-02-01T13:56:59Z
dc.date.issued2022
dc.descriptionA Research Project Submitted in partial fulfillment of the requirements for the Degree of Bachelor of Commerce at Strathmore Universityen_US
dc.description.abstractBorrowing from the public sector is vital because it helps to bridge the resource gap between government receipts and expenditures. It is one method of funding government operations, but it is not the only one; the government can also create money to monetize its debts, eliminating the need for interest payments. As a result, public debt is one of the most important macroeconomic factors in determining a country's reputation in international markets. When people take resources and reorganize them in more productive ways, economic growth occurs. Kenya's revenue is supplemented by the export of primary commodities, as it is a developing country. In order to supplement domestic resources, successive governments have taken on massive amounts of public debt to fund National Development Plans. The objective of this study was to establish the relationship between public debt and economic growth in Kenya for the period 2010 to 2020. Data gathered in the study was estimated using descriptive statistics. Discoveries from the study suggests that external debt exerts a positive effect while domestic debt exerts a negative effect on economic growth. Based on these findings, the study suggested that policymakers should develop a sound financial plan to ensure that public debt accumulated does not overweight future generation and the government use public debt it as a last resort to finance its economy.en_US
dc.identifier.urihttp://hdl.handle.net/11071/13085
dc.language.isoenen_US
dc.publisherStrathmore Universityen_US
dc.titleEffect of public debt on economic growth in Kenyaen_US
dc.typeUndergraduate Projecten_US
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