RISING PUBLIC DEBT THREATENS PRIVATE SECTOR GROWTH, STAKEHOLDERS WARN
The National Assembly’s Committee on Public Debt and Privatisation has raised concerns over the impact of rising public debt and increased domestic borrowing on private-sector growth, with stakeholders warning that businesses are being squeezed out of the credit market.
The committee, chaired by Hon. Abdi Shurie (Mbalambala), made the remarks during the opening of a three-day Multisectoral Forum on Public Debt Management, organised in partnership with the National Democratic Institute (NDI).