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Next President to spend Sh3.7bn daily on debts
The two front-runners in the race to succeed President Uhuru Kenyatta in the August election, Deputy President William Ruto (right) and Opposition Leader Raila Odinga. FILE PHOTO | NMG
President Uhuru Kenyatta’s successor will require an average of Sh3.74 billion daily to repay the country’s mounting debts, underlining the heavy debt burden the new government will inherit from the Jubilee administration.
Treasury chiefs project that Kenya will spend Sh1.36 trillion annually in the year starting July for debt repayment, up from Sh1.15 trillion in the current fiscal period.
