Home National State pushes to raise debt ceiling to Sh13 trillion in chaotic session

State pushes to raise debt ceiling to Sh13 trillion in chaotic session

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Business Daily | by Edwin Mutai


Parliament has asked the Treasury to increase the debt ceiling to allow it borrow Sh846 billion to plug the budget deficit in the next financial year.

Majority Leader Amos Kimunya successfully pushed an amendment to the 2022/23 Budget Policy Statement (PBS) directing the Treasury to amend the law to accommodate the huge budget deficit…

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