Please enable JavaScript to view advertisements.
×
App Icon
The Standard e-Paper
Fearless, Trusted News
★★★★ - on Play Store
Download App

Ruto's appetite for debt shows no signs of slowing

President William Ruto's government is turning to China, Japan and international bond markets for fresh billions. [File, Standard]

Former President Uhuru Kenyatta left a debt legacy of about Sh9 billion after his 10-year tenure having inherited a burden of Sh6.7 billion from his predecessor, Mwai Kibaki. 

Since he took over in October 2022, President William Ruto has already surpassed the Sh13 trillion mark amid pressure to shift from deficit and borrowing-anchored budget making.

Premium Article

Get Full Access for Ksh299/Week.

Uncover the stories others won't tell. Subscribe now for exclusive access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902