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Pain of Sh67bn shortfall amidst debt repayments
Treasury Principal Secretary, Chris Kiptoo responds to questions from members of the Senate County Public Investment and Special Funds committee at Parliament Buildings, Nairobi on March 30, 2023. PHOTO | LUCY WANJIRU | NMG
Kenya spent Sh150 billion to repay public debt in the month of March alone, underlying the growing pain to service the country’s stock of debt in the midst of a revenue shortfall, MPs heard on Thursday.
This was on the backdrop of revelation by the Treasury Principal Secretary Chris Kiptoo that the country had a revenue shortfall of Sh67 billion by Wednesday.
