Makau, Justus; Njuru, Stephen; Ocharo, Kennedy N.
(IOSR Journal of Economics and Finance, 2018-09)
Fiscal policy in Kenya has been unstable. Fiscal balance to GDP ratio worsened from a surplus of
0.2 percent to a deficit of 7.6 percentwhile debt to GDP ratio rose from 25.4 to 56.2 percent between 1963 and
2015. This ...