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Counties tap Sh8.6bn bank loans in nine months
Controller of Budget Dr Margaret Nyakang'o when she appeared before the National Assembly Committee on Finance and National Planning at the Bunge Tower Nairobi on May 14, 2025.
County governments borrowed an additional Sh8.6 billion from commercial banks over the nine months to March 2025 to fund their operations amid a biting cash crunch due to delayed disbursement of funds by the National Treasury.
Data from the Central Bank of Kenya (CBK) shows that the borrowing pushed the cumulative debt stock of commercial bank loans to counties to Sh15 billion in March, up from Sh6.4 billion in June 2024.
