Public debt up nine percent to Sh12.82tn
A report released by Controller of Budget (CoB) on Wednesday reported an increase in the debt stock from Sh11.8 trillion recorded at the end of June 2025, equivalent to 69.9 per cent of Gross Domestic Product (GDP). Kenya breaking news | Kenya news today |..
✨ Key Highlights
Kenya's public debt has surged by 9 per cent to Sh12.82 trillion as of March 31, 2026, exceeding Parliament's recommended debt threshold. This increase highlights mounting fiscal pressures on the government.
- The total public debt reached Sh12.82 trillion, up from Sh11.8 trillion in June 2025.
- The Controller of Budget (CoB) released the report detailing the debt increase.
- Domestic debt saw a 13 per cent rise, while external debt grew by 4 per cent.
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Public debt up nine percent to Sh12.82tn - June 2026
Kenya's public debt has surged by 9 percent to Sh12.82 trillion as of March 31, 2026, exceeding Parliament's recommended debt threshold. The Controller of Budget reported that nearly half of Kenya's government revenue during the first nine months of the 2025/26 financial year was allocated to servicing public debt, amounting to Sh1.35 trillion. This mounting debt servicing cost is exposing the nation to significant exchange rate risks for the Kenya Shilling. Separately, the Kenya Revenue Authority is preparing to pursue employers who have failed to remit over Sh100 billion in employee deductions for the Affordable Housing Levy.
