Controller issues fresh warning on public debt, calls for restructuring

Controller of Budget Margaret Nyakang'o. [David Njaaga, Standard]

The Government should restructure the country’s debt, the office of the Controller of Budget has said.

In the nine-month expenditure review for the 2021-22 financial year, Controller of Budget Margaret Nyakang’o raised concerns over high public debt, which stood at Sh8.4 billion on March 31, 2022.