Nation | by David Mwere
The country’s debt stock is expected to hit Sh7.5 trillion by June 2021, according to projections by the Parliamentary Budget Office (PBO).
The office warns that given the current and projected expenditure demands, Kenya’s debt stock could reach Sh9.2 trillion in the 2022/23 financial year.
The projected increase this year, which is Sh873 billion or 15 percent above the national debt of Sh6.6 trillion as at June 2020, is largely attributed to the impact of low generation of domestic revenue and pressure from expenditure on the ongoing capital projects…
