Home National Treasury seeks debt law change as MPs reject borrowing target

Treasury seeks debt law change as MPs reject borrowing target

kenya parliament, national assembly
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Business Daily | by Otiato Guguyu


The National Treasury is in a rush to change the public finance law after Members of Parliament refused to sign off proposals to borrow Sh846 billion in the next financial year.

Parliament’s Budget and Appropriations Committee imposed a Sh400 billion cap on new debt to avoid breaching the Sh9 trillion loan ceiling a move that could throw the next government into a crisis…

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