Ngao ya Sponji
JF-Expert Member
- Jul 26, 2018
- 341
- 542
Kenya’s public debt is projected to hit Sh7 trillion by the time President Uhuru Kenyatta exits State House. And a report by National Treasury Cabinet Secretary Henry Rotich shows the country’s debt burden will hit Sh5.6 trillion by June next year.
The annual Public Debt Management Report report further shows that national debt as at June this year both domestic and foreign stood at Sh5.1 trillion.
Domestic debt stands at Sh2.5 trillion while foreign debt has hit Sh2.6 trillion.
The country has received
Sh559.1 billion from China,
Sh101.9 billion from Italy and
Sh34.7 billion from Germany.
Other creditors are Belgium who gave Sh10.2 billion and the US (Sh2.9 billion). International Development Association (IDA) has also contributed to the debt burden by loaning the country Sh516.8 billion; African Development Bank (AfDB) has extended a Sh204.8 billion facility while International Monetary Fund (IMF) has given a Sh71.6 billion loan
The annual Public Debt Management Report report further shows that national debt as at June this year both domestic and foreign stood at Sh5.1 trillion.
Domestic debt stands at Sh2.5 trillion while foreign debt has hit Sh2.6 trillion.
The country has received
Sh559.1 billion from China,
Sh101.9 billion from Italy and
Sh34.7 billion from Germany.
Other creditors are Belgium who gave Sh10.2 billion and the US (Sh2.9 billion). International Development Association (IDA) has also contributed to the debt burden by loaning the country Sh516.8 billion; African Development Bank (AfDB) has extended a Sh204.8 billion facility while International Monetary Fund (IMF) has given a Sh71.6 billion loan