All emergency loans tapped by the Treasury from the Central Bank of Kenya (CBK) will be fully repaid within a financial year to curb a pile-up of public debt, if Parliament approves proposals by the Controller of Budget (CoB).
Controller of Budget Margaret Nyakang’o said the present rollovers of CBK overdraft facilities into the subsequent financial years put undue pressure on Kenya’s ballooning public debt which closed June 2023 at Sh10.2 trillion, according to the latest data from the bank.
