×
App Icon
The Standard e-Paper
Join Thousands of Readers
★★★★ - on Play Store
Download Now

MPs role in Kenya's ballooning debt as ceiling races past Sh10tr

Aerial view of the National Assembly, September 2018. [Edward Kiplimo,Standard]

Kenyan legislators and government officials have in the past few weeks come out with proclamations over Kenya's high public debt and the risk it poses to the country's economy.

Last week, President William Ruto said the government was seeking to hold the country's fiscal deficit at 5.7 per cent in the near term. This is an ambitious promise in the wake of depressed revenue collection and high debt and interest repayments that are currently falling due.

Get Full Access for Ksh299/Week.
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in
Business
January inflation hits 6-month low despite rise in food prices
Business
Sh3.1b dividend boom for EABL shareholders
Business
Why NSSF payouts have fallen
By Brian Ngugi 17 hrs ago
Business
Trump moves to secure foothold in Kenya's critical minerals sector