Taxpayers footed an additional Sh98.1billion in interest payments on the government’s domestic debt in the year to June 30, 2025, on increased local borrowing in an environment of relatively elevated interest rates.
Disclosures by the Controller of Budget (CoB) Margaret Nyakang’o, showed that interest payment on domestic debt rose to Sh632.3billion in June this year, up from Sh534.2billion in 2024, marking the sharpest growth in over five years at 18.36 percent.
