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Treasury expands domestic borrowing to fund budget
National Treasury and Economic Planning Cabinet Secretary John Mbadi when he appeared before the National Assembly Public debt and Privatization Committee at the Continental House in Nairobi on November 28, 2024.
The National Treasury is expected to pile into the domestic debt market to plug the budget deficit over the medium term, deeming the strategy the most suitable in managing borrowing costs.
The ministry’s 2026 Draft Medium Term Debt Strategy expects 82 percent of gross borrowing needs to be met from the domestic market, with only a partial 18 percent of funding coming from external sources.
