×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Download Now

Kenya on cliff's edge as public debt nears Sh10 trillion limit

Vocalize Pre-Player Loader

Audio By Vocalize

Treasury Cabinet Secretary Njuguna Ndung'u. [Elvis Ogina, Standard]

The total public debt is now at Sh9.4 trillion as both domestic and external liabilities continue to rise rapidly.

The National Treasury on Friday released the updated figures as it warned the country is headed for a financial crisis unless Parliament accedes to its request to raise the debt ceiling beyond the Sh10 trillion limit.

Premium Article

Get Full Access for Ksh299/Week.

Bold Reporting Takes Time, Courage and Investment. Stand With Us.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Business
Why World Bank has banned PwC Kenya for 21 months
Real Estate
Kenya's REITs market surges as investor appetite grows
Enterprise
Kenya and Ireland to boost trade, investment
Business
StanChart rewards shareholders with Sh11.7B dividend despite profit slump