how to mining vigour
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The growing trend of government borrowing has raised worries among economists and policy experts. Yet debt burden should worry everyone. When you owe, you always carry a minus tag around your neck.
First, your credit rating falls and it becomes hard to attract lenders. Second, and most important, it dents your assets base. The same for government. Growing public debt diminishes the economy.
It actually makes a country look very poor. Continued borrowing with the second $2 million (Sh203.60 million) Eurobond worsens an already bad situation.
The implication of a high appetite for foreign debt can be gross. If it becomes too much and leads to a default, an economy can easily collapse. We saw what happened to Greece a few years ago. At the current rate of borrowing against slow growth, it may not take many years for Kenya to get there.
First, your credit rating falls and it becomes hard to attract lenders. Second, and most important, it dents your assets base. The same for government. Growing public debt diminishes the economy.
It actually makes a country look very poor. Continued borrowing with the second $2 million (Sh203.60 million) Eurobond worsens an already bad situation.
The implication of a high appetite for foreign debt can be gross. If it becomes too much and leads to a default, an economy can easily collapse. We saw what happened to Greece a few years ago. At the current rate of borrowing against slow growth, it may not take many years for Kenya to get there.
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hii friend vigour means physical strength and good health.
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