MPs to raise Sh9trn debt cap for extra borrowing

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Parliament buildings in Nairobi. FILE PHOTO | NMG

Parliament will enlarge the debt ceiling currently set at Sh9 trillion to accommodate Treasury’s borrowing for development spending, Majority Leader Amos Kimunya has said.

Mr Kimunya said the National Assembly will look at the reasons behind the Treasury’s proposal to increase the statutory debt ceiling and act accordingly once the request is tabled in the House.

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