Treasury seeks Sh125b loan to plug budget hole

budget, treasury, public borrowing
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People Daily | by Anthony Mwangi and Noel Wandera


The country is likely to sink deeper into debt after the National Treasury said it will be borrowing Sh125 billion to fill a hole in the budget for the remaining three months of the current financial year.

The Budget and Appropriation Committee of the National Assembly has raised the red flag warning that the country could descend to unmanageable levels of debt if the Treasury continues its borrowing spree.

The committee notes that given the expected revenue underperforming, the increase in…

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budget, treasury, public borrowing


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