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Senators backs raising of the government's debt ceiling to Sh9 trillion

The National Treasury can now borrow up to a limit of Sh9 trillion after the Senate yesterday voted to raise the country's debt ceiling.

Kenya's borrowing limit is now no longer pegged to its Gross Domestic Product (GDP), after the senators voted to amend the Public Finance Management (National Debt) (Regulations), 2019 to place a numerical value to the debt ceiling.

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