Ukur Yatani
John Nyaga | Nation Media Group

Treasury understates debt by Sh609bn in new budget

What you need to know:

  • In the budget, Yatani only provided details of how Kenya would generate the money required to fund 88 per cent of the Sh3.6 trillion plan.
  • Kenya has chosen the easy path of taking new loans to retire old ones and doing nothing about the principal. 

Treasury Cabinet Secretary Ukur Yatani understated the actual amount Kenya will borrow to fund its budget by Sh609 billion as the government continues to paint a conservative picture of the debt nightmare it faces.


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