Public debt stock rises by Sh533bn in three months
Latest debt figures indicate government’s continued heavy reliance on domestic lenders...
✨ Key Highlights
Kenya's public debt has surged by Sh533 billion in the first quarter of the year, reaching a total stock of Sh12.83 trillion by the end of March.
- Total public debt increased from Sh12.29 trillion in December to Sh12.83 trillion in March.
- The National Treasury is increasingly relying on domestic borrowing, with domestic debt rising to Sh7.15 trillion.
- Controller of Budget Margaret Nyakang’o has previously warned against excessive reliance on new borrowing to repay existing debt.
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Public Debt Rises by Sh533bn to Sh12.83 Trillion - June 2026
Kenya's public debt has surged by Sh533 billion in the first quarter of the year, reaching a total stock of Sh12.83 trillion by the end of March. The European Bank for Reconstruction and Development projects Kenya's economy will grow at a steady but subdued rate of 4.6% in 2026. However, the EBRD notes that rising energy costs and a high debt burden pose significant challenges to the economic outlook. Meanwhile, Kenyan consumers and businesses will continue to pay current electricity rates after the government withdrew a retail electricity tariff review application submitted by the Kenya Power and Lighting Company.
