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Kenya on cliff's edge as public debt nears Sh10 trillion limit

Treasury Cabinet Secretary Njuguna Ndung'u. [Elvis Ogina, Standard]

The total public debt is now at Sh9.4 trillion as both domestic and external liabilities continue to rise rapidly.

The National Treasury on Friday released the updated figures as it warned the country is headed for a financial crisis unless Parliament accedes to its request to raise the debt ceiling beyond the Sh10 trillion limit.

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