Increased allocation for debt payment pushes Kenya's budget to Sh3.62 trillion

Cabinet Secretary to the National Treasury Ukur Yatani during a briefing with Council of Governors on County revenue allocation formula.[Wilberforce Okwiri,standard]

The National Treasury has more than doubled its allocation for debt repayment and pensions, pushing up the total budget for the next financial year to Sh3.63 trillion. 

A summary of the estimates for the 2020-21 financial year that Treasury presented to the National Assembly on Thursday showed that the budget for consolidated fund services (CFS), which includes spending on interest on debts and pension payments, nearly doubled from an earlier estimate of Sh697.6 billion to Sh1.3 trillion.