Debt repayments gobble up 92pc of tax collections

Photo credit: Compiled by John Waweru | Designed by Stanslaus Manthi

Debt repayments ate 92 percent of taxes in the three months to September, underlining the burden of servicing the mounting public loans that have left little for development projects.

Treasury data shows that Kenya paid Sh509.6 billion to creditors in the three months against taxes of Sh553.7 billion, leaving a measly Sh43.9 billion for State operations.

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Note: The results are not exact but very close to the actual.