Kenya's Debt Repayment Headache Growing Daily

13 October 2020

Budget experts are now warn that Kenya risks surpassing its Sh9 trillion budget ceiling in the coming years as it continues to borrow heavily to finance the ever-ballooning budget deficits.

With at least Sh1 trillion, the gaping hole in the Sh2.79 trillion budget for the 2020/21 financial year, it means that the country will have to borrow heavily from local and foreign markets to finance it.

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