Controller of Budget Warns Kenya Trapped in Borrowing Cycle as Debt Hits Sh12.82tn - July 2026

Kenya's Controller of Budget, Margaret Nyakang'o, has warned that the nation is caught in a debt cycle, with Sh12.82 trillion in public debt significantly straining government finances. Investors have injected a staggering Sh181.4 billion into three-month Treasury bills over the past 10 weeks, presenting a short-term debt challenge for the National Treasury. The Controller of Budget has also issued a stern warning regarding Kenya's increasing public debt, highlighting its detrimental impact on development funding.