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Kenya's public debt has soared to KSh 11.81 trillion, sparking urgent calls for fiscal reforms from experts. A report from the Okoa Uchumi Initiative reveals that 70% of the Kenyan government's revenue is allocated to public debt repayment. This comes as National Treasury data reveals the state borrowed an average of Ksh 6 billion per week over a period of four months.
Kenya’s National Treasury data reveals the state borrowed an average of Ksh 6 billion per week over a period of four months. This significant borrowing highlights the government's financial activities and reliance on debt.
An alarming report from the Okoa Uchumi Initiative reveals that a staggering 70% of the Kenyan government's revenue is allocated to public debt repayment, indicating the economy is in a dire state.