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Kenya: Kenya Likely to Breach the U.S.$80 Billion Debt Ceiling By 2022
Nation, 7 December 2020
Budget experts have warned that the government is likely to breach the Sh9 trillion debt ceiling by early 2022 if the rate at which it is borrowing to support its budget and… Read more »
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Kenya: Kenya ' Borrowed U.S.$23 Million Per Day'
Nation, 4 December 2020
The government borrowed an average of Sh2.62 billion daily within four months this year as its appetite for loans to finance ambitious capital projects amid the Covid-19 pandemic… Read more »
Kenya Likely to Breach U.S.$80 Billion Debt Ceiling By 2022
Experts have warned that the government is likely to breach the U.S.$80 billion debt ceiling by early 2022, if the rate at which it is borrowing to support its budget and finance ambitious capital projects, is anything to go by. In 2019, parliament amended the public finance management regulations to increase the country's debt limit from 50% of GDP to the numerical figure of U.S.$80 billion.
InFocus
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The International Monetary Fund (IMF) has released a statement disclosing that tax, governance and monetary policy reforms, are part of its ongoing debt negotiations with the ... Read more »
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U.S.$8 billion of Kenya's Budget will go to servicing debt in the 2020/21 financial year. The Treasury has also shrunk Deputy President William Ruto's total allocation by 40% in ... Read more »
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Kenya's debt bill has shocked parliament, which has, for the past eight years, acted as cheerleader for the National Treasury's borrowing spree that has never been seen in any East ... Read more »
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President Uhuru Kenyatta has said that the government has opened talks with external lenders to suspend debt during the Covid-19 crisis, as the shilling depreciates to its lowest ... Read more »
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The Parliamentary Budget Office says that due to the rate of financial indiscipline in recent years, Kenya is likely to breach the ceiling, which Treasury managed to push to ... Read more »
