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Originally published by Nation Businessbusiness
May 3, 2026
23h ago
Revealed: Sh1.3trn of Kenya's Sh4.8trn budget goes into debt repayment
Details from the Office of the Controller of Budget, show that the country’s public debt is at Sh12.29 trillion...
✨ Key Highlights
Kenya's Sh4.8 trillion budget for fiscal year 2026/27 faces significant strain, with a staggering Sh1.3 trillion allocated to debt repayment, impacting development spending.
- A substantial portion, Sh1.3 trillion, of the Sh4.79 trillion budget is earmarked for interest payments on loans.
- The National Treasury, led by Cabinet Secretary John Mbadi, presented these estimates to the National Assembly.
- Despite efforts to manage the fiscal deficit and debt, the country's public debt stands at Sh12.29 trillion, with projections of continued borrowing.
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