Kenya has paid Sh238.9billion of its total public debt
Kenya has paid Sh238.9 billion of its debt in the past three months, out of its revised total debt obligation this financial year.
According to the National Treasury statement of Actual Revenues and Net Exchequer Issues as of September 30, the government will only manage Sh955.6billion going by the current trends.
This is Sh213.5 billion shy of the country's Sh1.17trillion debt obligation.
According to a recent report on the status of Kenya's debt, the country's debt will be Sh8.7 trillion by end of June next year.
The rising debt stock is what resulted in the high debt servicing expenditure amounting to Sh1.17 trillion up from the projected Sh952.7 billion.
This thin repayment of the public debt however comes on the backdrop of increased revenue collecti...