Debt payments surpass State running expenses

Treasury Cabinet Secretary Prof Njuguna Ndung'u with the Principal Secretary Dr Chris Kiptoo. FILE PHOTO | NMG

Debt repayments for the first nine months of the current financial year overtook the national government’s recurrent spending on items like civil servant salaries for the first time, underlining the burden of mounting State borrowing.

Kenya spent Sh815.35 billion on debt repayments between July 2022 and March, up from Sh740.69 billion in the same period a year earlier.

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