A fifth of President William Ruto’s first Sh3.6 trillion budget will go towards interest payments on public debt, highlighting the growing burden taxpayers shoulder to finance the exchequer through additional taxes.
The budget, which is an increase of Sh240 billion compared to Sh3.36 trillion in the current fiscal year, comprises Sh1.508 trillion in recurrent expenditure, Sh718.9 billion in development expenditure and Sh385.4 billion in county equitable share.
