Home National State ‘prints’ Sh15b in one week to plug cash shortfall

State ‘prints’ Sh15b in one week to plug cash shortfall

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The Standard | by Dominic Omondi

The government printed a record Sh15 billion in the seven days to September 25 as pressure mounted on Treasury to finance an expansive budget.

Data from the Central Bank of Kenya (CBK) shows that by September 25, the government had received an overdraft facility of Sh46 billion from CBK, an increase from Sh31.3 billion a week before.

It is one of the biggest overdrafts that the government has taken from the CBK in a week…

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