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.

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