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MPs approve Treasury's proposal to raise debt ceiling to Sh10 trillion

National Treasury Cabinet Secretary Ukur Yatani. [File, Standard]

The National Assembly yesterday agreed to raise the debt ceiling to Sh10 trillion in what is aimed at giving the National Treasury head-room to borrow more.

With the current debt ceiling of Sh9 trillion, it means the country is Sh600 billion shy of breaching the limit with official data from the Central Bank of Kenya (CBK) showing the country’s public debt stood at Sh8.4 trillion by end of March.

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