C
Originally published by Citizen DigitalOctober 12, 2025
2h ago
MP Nyoro raises alarm over soaring public debt, warns of looming economic crisis
MP Nyoro raises alarm over soaring public debt, warns of looming economic crisis..
✨ Key Highlights
Kiharu Member of Parliament Ndindi Nyoro has raised serious concerns about Kenya's escalating public debt, warning of an impending economic crisis. He highlighted that the country has borrowed over Ksh. 1 trillion in the last eight months, spending up to 76% of its revenue on debt repayment.
- Kenya has borrowed over Ksh. 1 trillion in just eight months, averaging between Ksh. 3.5 billion and Ksh. 4 billion daily.
- MP Ndindi Nyoro, a former chair of the Parliamentary Budget and Appropriations Committee, stated that in August alone, Ksh. 120 billion out of Ksh. 157 billion ordinary revenue went to debt interest.
- He criticized the government for refinancing existing loans with new, more expensive ones and questioned the accountability of how recent loans are being utilized for development projects.
Continue Reading
Read the complete article from Citizen Digital
