Controller of Budget warns Kenya trapped in borrowing cycle as debt hits Sh12.82tn

ONP 요약

Kenya's public debt has climbed to Sh12.82 trillion, with debt servicing now consuming 71% of government revenue, leaving only 29% for salaries, public services and development. The Controller of Budget Margaret Nyakang'o warned that the country is trapped in a borrowing cycle, as domestic debt accounts for about 60% of the total.