[Source: The Standard, by Dominic Omondi]
Kenyans will have to bear a heavier debt load after the country’s stock of borrowed cash inched closer to the Sh7 million mark.
The latest data from the Central Bank of Kenya (CBK) shows that total public debt in the financial year ending June 30 went up by Sh840.9 billion to Sh6.65 trillion.
This is as the National Treasury sought to plug a budget deficit that had been occasioned by Covid-19 pandemic. By the end of June last year, public debt stood at Sh5.8 trillion.
Stringent containment measures, including…
