Public debt repayment hits Sh1trn for first time

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Business Daily | by Constant Munda


Repayment of public debt will for the first time cross the Sh1 trillion mark from July, underlining the burden of mounting government borrowing.

The Treasury in February disclosures to Parliament show that it will pay Sh1.023 trillion for loans in the year starting July, making it the single-largest expenditure and more than double the Sh435.7 billion that taxpayers paid for debt four years ago.

At Sh1.023 trillion, Kenya will require an average of Sh2.8 billion daily in the financial year when the repayment of principal sums of a…

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