Kenyan Wall Street | by Jackson Okoth
Kenya’s Public Debt Stock is forecasted to reach Sh7.8 trillion at the end of the 2020/21 fiscal year and will account for approximately 69% of Gross Domestic Product(GDP) and 87% of the Sh9 trillion total debt ceiling.
According to a Parliamentary Budget Office (PBO) report, these public debt levels is projected to double by June 2030, accounting for over 100% of GDP.
Available figures indicate that Kenya’s Public Debt stock amounted to Sh7.12 trillion as of the end of September 2020. This amount is equivalent to…
