For every Sh10 that will be collected as tax, Sh6 will be used to repay loans starting July this year, highlighting life of a country that is living beyond its means.
National Treasury Cabinet Secretary Ukur Yatani yesterday unveiled a Sh3.32 trillion Budget that will once again see the government turn to debt to finance a deficit of Sh862 billion, which is likely to burst the current debt ceiling of Sh9 trillion.