Kenyan president vows to cut borrowing

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Kenyan president vows to cut borrowing

STORY: Kenyan president vows to cut borrowing DATELINE: Sept. 30, 2022 LENGTH: 00:03:21 LOCATION: Nairobi CATEGORY: POLITICS SHOTLIST: 1. various of Kenyan president at the opening of parliament 2. Various of Kenya's new parliament 3. SOUNDBITE(English): WILLIAM RUTO, Kenya's President 4. various of Kenyan parliament legislators STORYLINE: Kenyan President William Ruto on Thursday pledged to contain large domestic and foreign borrowing by the government within three years to help spur economic growth. Ruto who officially opened the 13th Parliament said the very large government borrowing requirement has undermined the business sector's contribution to the national savings and investment effort. "Over the next three years, we must reverse this and go back to the situation where the government contributes to the national savings effort by keeping recurrent expenditure below revenue," Ruto told the lawmakers in Nairobi, the Kenyan capital. He said he will also address the problem of the government crowding

  • Product Code
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  • Xinhua / Kyodo News Images
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