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Originally published by Nation Business
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business
May 3, 2026
23h ago

Revealed: Sh1.3trn of Kenya's Sh4.8trn budget goes into debt repayment

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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