The government of President William Ruto has budgeted Sh7 trillion to pay debt in its first term in office from the financial year starting July 1, highlighting the debt burden inherited from previous administrations.
Revised estimates on spending on public debt from the Treasury puts cumulative debt payment costs at Sh7.071 trillion from the 2023/24 fiscal year to 2026/27, revealing the impact of a weighty debt load.
