Ruto's appetite for debt shows no signs of slowing

Since he took over in October 2022, President William Ruto has already surpassed the Sh13 trillion mark amid pressure to shift from deficit and borrowing-anchored budget making...

✨ Key Highlights

President William Ruto's administration is reportedly seeking billions in new debt from China, Japan, and international bond markets, continuing a trend of increasing national debt.

The national debt has surpassed Sh13 trillion since President Ruto assumed office in October 2022.
The key person involved is President William Ruto.
This borrowing comes amidst pressure to move away from a budget heavily reliant on deficits and borrowing, a situation inherited and expanded upon from previous administrations.

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