Kenya: Pressure Piles on Treasury to Cut Public Debt

Kenya's public debt soared to more than half the total value of the national economy between June and December in a development that will pile pressure on the Treasury to reduce government spending to sustainable limits.

The national debt jumped by Sh93.8 billion to a record Sh1.3 trillion in the first half of the financial year amid lower-than-targeted revenue collections and increased costs incurred in dealing with the drought situation and implementing the new constitution.

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