Home National Kenya to borrow Sh600billion from domestic market

Kenya to borrow Sh600billion from domestic market

budget, treasury, public borrowing
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Nation | by Peter Mburu

Continuing impact of Covid-19 on the economy has forced the National Treasury to review government’s spending for this financial year revising the figures upwards to a tune of Sh128 billion.

Treasury also announced it would increase its total financing from an earlier planned Sh841 billion in the budget to Sh1,001.8 trillion.

To raise the extra money, the government will be seeking about Sh600 billion in domestic financing, up from the Sh494 billion that had been planned for…

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