Rate at which public debt stock is growing worrying

Already, a good chunk of our total tax revenue, nearly 25 per cent of total Government revenue, is going towards servicing debts. Unfortunately, the rate at which the economy is growing is not keeping up with the rate at which our debt levels are rising.

In short, we are not producing enough to be able to repay the billions of shillings we have borrowed. The country’s public debt stock surged to a whopping Sh4.5 trillion as of September 2017, up from Sh1.8 trillion in March 2013.