The National Treasury building in Nairobi. PHOTO | FILE
The Treasury last month surpassed its annual domestic borrowing target by Sh49.2 billion as it moved to plug revenue shortfalls in the wake of continued underperformance of tax revenues, newly released data show.
Net domestic borrowing hit Sh446.6 billion in May - one month before the end of the fiscal year - against the annual target of Sh397 billion, according to the latest official data.
