Kenya's public debt has surged by 9 percent to Sh12.82 trillion as of March 31, 2026, exceeding Parliament's recommended debt threshold. The Controller of Budget reported that nearly half of Kenya's government revenue during the first nine months of the 2025/26 financial year was allocated to servicing public debt, amounting to Sh1.35 trillion. This mounting debt servicing cost is exposing the nation to significant exchange rate risks for the Kenya Shilling. Separately, the Kenya Revenue Authority is preparing to pursue employers who have failed to remit over Sh100 billion in employee deductions for the Affordable Housing Levy.









