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State appetite for cash pushes debt to Sh2.8trillion

The public and private sectors borrowed Sh452.87 billion last year to push the amount they owe banks to Sh2.799 trillion, latest 2016 Economic Survey data shows.

The credit, which is 19.3 per cent more compared to Sh2.34 trillion borrowed in 2014, was mainly driven by increased borrowing by national government and some businesses in the private sector.

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