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The Effect Of Fiscal Decentralisation On The Optimisation Of Sustainable Public Debt In Kenya
Since 2013 when fiscal decentralisation was officially initiated in Kenya, the country's public debt has continuously become less sustainable. This empirical observation contrasts with the position held in devolution literature that fiscal decentralisation raises the efficiency of public funds management. This study sought to determine the relationship between the decentralisation of government revenue collection and government expenditure and the technical efficiency of optimising sustainable public debt in Kenya. The study was anchored on the economic theory of technical efficiency.
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