State-owned enterprises (SoEs) are sitting on non-guaranteed debt worth Sh111.8 billion for the last financial year that ended in June, the Treasury has disclosed, exposing taxpayers to risks of hefty bailouts in the event of default.
The outstanding loans for the review period represent a 12.65 percent, or Sh12.55 billion, growth over Sh99.25 billion debt stock in the prior year ended June 2022.
