Government borrows Sh585b beyond the Sh10tr debt ceiling

Dr Nyakang'o noted that public debt has grown rapidly over the years, with the public debt stock increasing by Sh1.44 trillion between December 2022 and September 2023.

The report indicated that the highest growth in public debt occurred in 2020 and 2023, recording Sh1.23 trillion and Sh1.44 trillion, respectively.