Treasury overdraft breaches Sh85bn

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The National Treasury building in Nairobi in this picture taken on March 15, 2023. PHOTO | DENNIS ONSONGO | NMG

Emergency loans the Treasury has tapped from the Central Bank of Kenya have crossed the Sh80 billion mark for the first time this month, pointing to a biting short-term cash flow crisis.

Latest data shows outstanding overdraft hit a record high of Sh85.12 billion on November 10 before falling a week later to Sh81.01 billion.

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Note: The results are not exact but very close to the actual.