Business Daily | by Constant Munda
Government’s net borrowing from commercial banks jumped nearly four-and-a-half folds in the first four months of the current financial year on the back of gaping shortfalls in tax collections in a depressed economy.
Latest data published by the Central Bank of Kenya (CBK) indicates the risk-averse lenders advanced Sh154.7 billion net credit to the Treasury in the July-October period, a 440.91 per cent climb over Sh28.60 billion in a similar period a year ago…
