Kenya debt burden Stories
The legislators endorsed a report that lowers the Consolidated Fund Services (CFS) budget by Sh295.28 billion and gave the Treasury 60 days to publish...
According to Afreximbank's 2025 report on the state of debt burdens, a major external influence behind this shift is the changing economic policy envi...
The Auditor General pointed out that this shortfall stems from tax evasion, poor enforcement, and inaccurate forecasting.
The latest figures place the debt at 63 per cent of the country’s Gross Domestic Product (GDP), well above the recommended ceiling of 55 per cent.
This historic review, the first of its kind since Independence, is set to provide a detailed breakdown of all debt accumulated by the government.
The CS pointed to the misuse of short-term loans to fund long-term projects as one of the key mistakes that plunged the country into its current econo...
