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Kenya’s domestic debt expands by Sh1.7 trillion under President Ruto
National Treasury and Economic Planning Cabinet Secretary John Mbadi addressing journalists outside the National Treasury Building in Nairobi on February 13, 2025.
Kenya’s borrowings from the domestic market have grown by Sh1.7 trillion since President William Ruto took over the reins of power in September 2022, growing from Sh4.342 trillion as of September 16, 2022 to cross the Sh6 trillion mark for the first time ever by February 14 this year standing at Sh6.021 trillion.
Data from the Central Bank of Kenya (CBK) shows that the growth rate in the past two years translates to almost half of the Sh3.319 trillion fresh domestic borrowings witnessed during the 10-year reign of retired President Uhuru Kenyatta.
