Public Debt and It’s Implication on Kenya’s Future Economic Growth

Pollyne Mbithe Mutunga
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Pollyne Mbithe Mutunga: Machakos University, Machakos, Kenya

International Journal of Research and Innovation in Social Science, 2020, vol. 4, issue 8, 218-223

Abstract: An upsurge of Kenya’s public debt has elicited public debate on whether these crises could affect the future generation. Thus, the study adopted VAR model using data from 1980 to 2019 to investigate the effect of public debt on the future generation. To do this, the study utilized the historical data for GDP (dependent) and Public debt (independent variable) to estimate GDP for the years 2020, 2021, and 2022. Results reveal that public debt could slow down Kenya’s economic growth for the next three years. It was recommended that the country need debt restructuring to free up some financial resources and enhance investment in productive sectors as a mitigation measure.

Date: 2020
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