State borrows Sh95.5b in five months as public debt hits Sh12 trillion
The four new loans translate to about Sh23.8 billion per month between May and August. The latest report was tabled in the National Assembly on October 7...
✨ Key Highlights
Kenya's public debt has reached Sh12 trillion after the state borrowed an additional Sh95.5 billion in just five months. This significant increase highlights the growing financial burden on the nation.
- Total public debt now stands at a staggering Sh12 trillion.
- John Mbadi, Cabinet Secretary for the National Treasury, was involved in discussions regarding budget implementation.
- The additional borrowing of Sh95.5 billion occurred within a five-month period, accelerating the debt accumulation.
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Privatization Bill Passed as Public Debt Hits Sh12 Trillion - October 2025
Kenya's public debt has now reached Sh12 trillion. This new figure was reached after the state borrowed an additional Sh95.5 billion in just five months. The significant increase highlights the growing financial burden on the nation. Concurrently, the Privatization Bill 2025 has been passed by Kenya's National Assembly. The bill aims to provide a legal framework for converting State corporations into commercial enterprises. Its passage occurred despite opposition from some Members of Parliament regarding its hurried nature.
