State to borrow Sh635bn from domestic market

The National Treasury building in Nairobi, Kenya.

Photo credit: File | Nation Media Group

The government will borrow Sh635.5 billion from the domestic market in the next financial year, triggering fears of crowding out the private sector as it seeks to fill a Sh923.2 billion budget gap.

The National Treasury targets to borrow an additional Sh30 billion, 4.9 percent increase, from the Kenyan market compared to this financial year when it borrowed Sh605.7 billion.

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