Business Daily | by Edwin Mutai
Taxpayers forked out Sh651.5 billion to service Kenya’s public debt in the year to June 30, a report by the Treasury shows, marking a 23.34 percent drop from the previous year.
The loan repayments during the period were Sh198.57 billion lower compared to Sh850.07 billion in the 2018/19 fiscal year following a decision by the State to ditch costly commercial loans.
The repayments for 2019/20 are also lower than the revised Sh768.84 billion the Treasury had earlier projected to spend for the period…
