×
App Icon
The Standard e-Paper
Truth Without Fear
★★★★ - 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.

Fact-first reporting that puts you at the heart of the newsroom. Subscribe for full access.
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
Mwangi's Sh734m windfall as Equity posts record earnings
Business
Why World Bank has banned PwC Kenya for 21 months
Real Estate
Property sector reaps big from rising demand for luxury healthcare
Shipping & Logistics
MoUs without jobs? Kenya's seafarer strategy under scrutiny