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Originally published by The Standard Business
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September 7, 2025
9h ago

Horror of Sh12 trillion public debt with little to show

Horror of Sh12 trillion public debt with little to show

Kenya’s growing debt that has crossed the Sh12 trillion mark with economists noting the lack of tangible projects to back the increased borrowing...

✨ Key Highlights

Kenya's public debt has surged past the Sh12 trillion mark under President William Ruto's administration, drawing criticism due to a perceived lack of corresponding tangible development projects.

  • The country's escalating debt has reached over Sh12 trillion.
  • The Controller of Budget, Margaret Nyakango, appeared before the parliamentary Committee on Budget and Appropriation in Mombasa on September 3, 2025.
  • Economists and critics are questioning the increased borrowing, citing a deficit in visible projects to justify the debt.

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