The Treasury now targets borrowing about Sh652 billion for the financial year 2024/25, watering down an earlier debt plan by President William Ruto.
Whereas President Ruto had on July 5 indicated that borrowing was expected to increase by Sh169.7 billion to cater for the revenue shortfall occasioned by withdrawing the Finance Bill, 2024, estimates by the Treasury show the borrowing will only be revised upward by 9.2 percent or Sh54.6 billion.
