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Originally published by The Standard BusinessJune 13, 2025
1mo ago
Debt hole set to deepen, civil servants to lose perks in new plan
Treasury to borrow more from local lenders despite caution by experts and Parliament. Civil servants likely to lose perks while over 110,000 youth will be engaged in climate work...
✨ Key Highlights
The Kenyan government, led by President William Ruto and Treasury CS John Mbadi, is poised to implement austerity measures that could strip civil servants of allowances while incurring nearly Ksh1 trillion in new debt over the coming year.
- Ksh1 trillion is the amount the government plans to borrow
- President William Ruto is the key figure in this new policy
- The measures are aimed at revitalizing the struggling economy amidst ongoing financial challenges
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