Public debt crosses Sh4 trillion mark as State eyes more loans

The National Treasury building in Nairobi. Kenya has in the past four years borrowed billions of shillings to finance power generation and road construction projects. FILE PHOTO | NMG

What you need to know:

  • The total public debt has now risen to an equivalent of more than half (52.6 per cent) of the gross domestic product (GDP), on the back of massive increase in borrowing since the Jubilee administration took power four years ago.
  • The government’s cumulative revenue collection for the period July last year to March this year amounted to Sh984.6 billion against a target of Sh1.05 trillion.
  • Kenya has in the past four years borrowed billions of shillings to finance power generation and road construction projects.

Kenya’s public debt crossed the Sh4 trillion mark at the end of March this year, reflecting the Jubilee government’s sharp appetite for loans.

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