kenya public debt Stories
Mbadi highlighted that the ongoing fiscal consolidation strategy aims to boost revenue while curbing excessive spending.
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...
The approval comes barely three days after The Controller of Budget, Margaret Nyakang'o, challenged the Treasury to reduce the country's Gross Domesti...
The current public debt currently stands at 67 per cent of GDP, amounting to Sh10.79 trillion as of September 30, 2024, a sharp increase from Sh10.58...
The audit identified several IT control issues, including discrepancies between the closing balances reported in the Annual Debt Management Report and...
The mounting defaults are raising concerns about the sustainability of Kenya's public debt, which now stands at Sh10.6 trillion.
Kenya's public debt has ballooned from Sh2 trillion to over Sh10 trillion in a decade, pushing the debt-to-GDP ratio to a precarious 70 per cent.
Push for increased revenue mobilisation has taken a hit on Kenya, resulting in the anti-tax protests.
The lawyer's lobby declined the appointment noting that auditing public debt is a role designated by the constitution to the office of Auditor General...
