Kenya borrows Sh1.3b daily as debt stock clocks Sh8.7tr

The government borrowed Sh122.04 billion or Sh1.36 billion daily. [iStockphoto]

Kenya's public debt touched a high of Sh8.7 trillion in September even as the National Treasury issued a circular to ministries, departments and agencies asking them to cut non-essential spending.

Data from the Central Bank of Kenya (CBK) shows that this was an increase of Sh37.9 billion from Sh8.66 trillion in August, even as domestic debt raced past external borrowing.