Treasury chalks up Sh691bn local debt in the year
2 months ago, 1 Jan 15:26
Kenya’s public borrowing has gone up by at least Sh691 billion since the beginning of 2017 as credit uptake to finance a large budget deficit pushed the country’s debt load to Sh4.5 trillion. Latest data from Central Bank of Kenya (CBK) shows the outstanding stock of domestic debt stood at Sh2.208 trillion on December 15, while the external debt stock stood at Sh2.31 trillion at the end of September. The country has been undertaking massive infrastructure projects bankrolled using billions in fo ...
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