Kenyan Wall Street | by Jackson Okoth
Kenya has been warned over its bulging debt repayment bill and the fact that it is increasingly using more of its tax revenue to settle debt rather than provide services.
Figures from the Quarterly Economic and Budget Survey(Q4), 2019/20 shows that Kenya’s total debt rose significantly from KSh 6 Trillion in December 2019 to KSh 6.9 Trillion as at June 30th, 2020.
The International Budget Partnership (IBP) offers Kenya some advice in a paper titled ‘The State of Kenya’s public debt…
