domestic borrowing Stories
The Sh632.3 billion expenditure on interest payments between July 2024 and June 2025 eclipsed the Sh545.8 billion allocated to all development project...
Net domestic borrowing closed the fiscal year 2024/25 at Sh854.5 billion, 3.24 times the initial target of Sh263.2 billion, as the State tapped local...
External debt during the same period rose marginally by Sh70 billion to Sh5.23 trillion.
According to CBK, this was made possible by strong investor interest in long-term government bonds and a well-supplied money market.
The report emphasised the urgency of accelerating structural reforms, particularly in light of Kenya’s fiscal constraints.
Data from the National Treasury show this raised the total amount the government pays in interest to Sh622.5 billion, compared to Sh533.1 billion in t...
