The value of government loans to State corporations rose by more than a fifth or Sh231.2 billion to hit Sh1.26 trillion in the year ended June 2024, amid the persistently slow pace of repayments that has led to write-offs running into billions of shillings.
Fresh data by the National Treasury shows the 22.4 percent rise in on-lent loans from Sh1.032 trillion came in the period when the parastatals only managed to repay Sh64.61 billion, leaving an outstanding balance of Sh1.197 trillion.
