×
App Icon
The Standard e-Paper
Truth Without Fear
★★★★ - on Play Store
Download Now

Debt crisis jitters mount as repayments outstrip revenues

National Treasury Cabinet Secretary Njuguna Ndung'u when he appeared before the Senate standing committee on Finance and Budget on April 5, 2023. [Elvis Ogina, Standard]

Kenya's sovereign loan repayments rose faster than collections of tax revenues last month, National Treasury disclosures show, signalling the country could be headed for a fresh debt crisis.

Treasury documents show the taxman collected taxes amounting to Sh155 billion in July against debt repayment obligations of Sh161.8 billion in the same month.

Get Full Access for Ksh299/Week
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • 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
Global hotels bet big on Maasai Mara as tourism earnings surge
By Sofia Ali 6 hrs ago
Business
Government steps up push for local manufacturing
Shipping & Logistics
Confusion over seafarer IDs exposes gaps in maritime governance
By Ben Ahenda 8 hrs ago
Real Estate
From breadbasket to brick and mortar: The death of Nakuru farmlands