debt burden,Debt financing,debt repayment,Domestic Debt Stories
Among the worst-hit state departments is the National Youth Service under the State Department of Public Service, which owes Sh14.27 billion.
Mbadi highlighted that the ongoing fiscal consolidation strategy aims to boost revenue while curbing excessive spending.
Kenya’s debt-to-GDP ratio stood at 65.7 per cent as of June 2024—well above the 55 per cent sustainability threshold.
Treasury Cabinet Secretary John Mbadi revealed that these unutilized funds continue to accrue commitment and interest fees.
The sharp rise in domestic interest payments highlights the financial strain of borrowing from the local market as the government navigates rising deb...
Teferra reaffirmed the IMF's commitment to deploy the Extended Fund Facility, Extended Credit Facility and Rapid Credit Facility programmes to support...
The MOU between Ruto and Raila outlines the urgent need for a comprehensive audit to address concerns about ballooning debt and ensure accountability...
A key concern raised in the report was the 2.7 million unverified hospital-related claims, making it difficult to determine NHIF's actual outstanding...
The approval comes barely three days after The Controller of Budget, Margaret Nyakang'o, challenged the Treasury to reduce the country's Gross Domesti...
Treasury CS John Mbadi distanced his office from responsibility, saying individual accounting officers should explain why payments were processed manu...
Mbadi provided a breakdown of the repayment obligations, attributing the looming financial pressure to Eurobond and syndicated loans.
CS Mbadi said the proceeds from this bond will be used to refinance existing external debt, including a planned buyback of a US$900 million (Sh116.3 b...
Some requisitions submitted for her approval lack specifics and are presented in lump sums, making it impossible to establish a clear breakdown of the...
Constitutional commissions such as the National Land Commission, the Salaries and Remuneration Commission, and the Commission on Revenue Allocation wi...
The document reveals that the government secured 18 new loans from both bilateral and commercial creditors during the four months.
In its latest assessment of the 2025/26 budget proposals, the PBO called for urgent measures to ensure the efficient use of borrowed funds.
Delegates at the launch reiterated calls for the cancellation of unjust debts, which they argue undermine human dignity and hinder sustainable develop...
The paper said 18.6% of the country's domestic debt will mature by June 2025, mainly due to short-term debt falling due.
The IMF's role in Ethiopia's debt overhaul has come under criticism from some quarters, including from World Bank staff, who questioned the conclusion...
The new provisions aim to curb exploitative practices in the microfinance sector, offering enhanced safeguards for borrowers and guarantors.
