Treasury on the spot over Sh75b World Bank loan

Treasury Cabinet Secretary Henry Rotich with the budget briefcase at the Treasury building on June 14, 2018. [Standard]

The National Treasury is on the spot for borrowing Sh75 billion without the National Assembly’s approval, adding to the country’s spiralling debt burden.

According to its latest published financials published last Friday, Treasury had as of last month borrowed Sh362.6 billion from international lenders when Parliament had only approved Sh287.9 billion.