The Standard | by Dominic Omondi
The government has borrowed a record Sh560 billion in six months. This brings the total public debt to Sh7.3 trillion by November last year.
This was Sh32 billion more than what it earned in taxes, with the Kenya Revenue Authority (KRA) collecting Sh527.8 billion from taxpayers between July and November 2020.
Latest data from the Central Bank of Kenya (CBK) shows that Kenya’s total debt has surged from Sh6.7 trillion in June as the government plunges into debt market to finance an expansive budget and…
