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Originally published by The Standardtop
April 1, 2026
10h ago
Borrowing to finance budget not sustainable, PS Kiptoo says
Treasury PS Chris Kiptoo has insisted on the need for KRA to broaden the tax bracket, saying that borrowing to finance the country’s budget is not sustainable...
✨ Key Highlights
Kenya's Principal Secretary for the National Treasury, Chris Kiptoo, has warned that financing the national budget through borrowing is unsustainable and urged for an expansion of the tax bracket.
- The projected fiscal deficit for FY 2025/26 is Sh1.11 trillion (6.1% of GDP), up from 4.7%.
- PS Kiptoo stressed the need for the Kenya Revenue Authority (KRA) to broaden the tax base.
- The country's debt stock is expected to rise to Sh12.8 trillion.
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