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Cabinet wants Kenya's debt ceiling moved from Sh10 trillion to GDP percentage

President William Ruto during the National Solemn Assembly at the Nyayo National Stadium, Nairobi on February 14, 2023. [Kelly Ayodi, Standard]

The Kenya Kwanza administration is seeking to replace the Sh10 trillion debt ceiling with a debt anchor at 55 per cent of the Gross Domestic Product (GDP) if Parliament adopts the proposal by Cabinet.

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