No respite for Kenya’s huge public debt

Finance Cabinet Secretary Henry Rotich (centre) with Devolution Cabinet Secretary Anne Waiguru and Mbeere South MP Mutava Musyimi after Budget reading last year. [Photo: File/Standard]

Nairobi, Kenya: Growing public debt has perpetually been a headache to Kenya, especially without significant growth in the economy.

So conspicuous was this burden in the 2008/2009 financial year following the growing budget deficit that had lasted five years, compelling Treasury to allocate a better portion of its revenues to debt servicing.