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Kenya’s annual debt obligation will in 2019/20 rise to more than Sh1 trillion for the first time in history, exerting more pressure on the country’s fiscal plan. According to the Budget Statement for 2019/20 presented to Parliament by the Leader of Majority Aden Duale, the country is expected to spend Sh1.1 trillion to repay loans, of which Sh366.4 billion will be interest.
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