National Treasury
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Kenya likely to breach the Sh9trn debt ceiling by 2022

What you need to know:

  • The International Budget Partnership Kenya says the advent of Covid-19 pandemic will exacerbate the country’s financial instability.
  • According to the Kenya financial stability report for October 2020, Kenya’s economy grew by 5.4 percent in 2019 and was projected to grow by 6.2 percent in 2020.

Budget experts have warned that the government is likely to breach the Sh9 trillion debt ceiling by early 2022 if the rate at which it is borrowing to support its budget and finance ambitious capital projects is anything to go by.

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