Concern over falling revenue and high debt

Controller of Budget Director Research and Planning Joshua Musyimi leaves Senate Finance Committee after the committee meeting on budget at County Hall, Nairobi. [Boniface Okendo/Standard]

Kenya’s debt repayment of Sh1.1 trillion annually is wiping out a huge chunk of revenue collected, leaving little for other budgetary allocations, experts have said.

The amount allocated to service debt annually is 68 per cent of the revenue raised, a figure that is too high to be sustainable.