Controller of Budget warns over rising public debt - July 2026

The Controller of Budget has issued a stern warning regarding Kenya's increasing public debt, highlighting its detrimental impact on development funding. Investors have injected a staggering Sh181.4 billion into three-month Treasury bills over the past 10 weeks, presenting a short-term debt challenge for the National Treasury. The Controller of Budget Wants Public Finance Law Amended Over Rising Debt. Meanwhile, President William Ruto has announced that reforms to the university funding model are progressing as planned, aiming to fulfill the government's commitment to fully finance all students who qualify for higher education.

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