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The government will confront a Sh1.25 trillion debt repayment headache from July 1 in a move expected to pile pressure on the Kenya Revenue Authority (KRA) to raise the funds for clearing the sovereign loans.
Significant public debt repayment in the current financial year that ends in June of up to Sh930.4 billion has already exposed public coffers to debt distress and triggered unprecedented jitters of default risks.
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