Treasury plays down debt default fears despite new loans

The National Treasury building. FILE PHOTO | NMG

The Treasury has played down fears by financial experts that the country risks losing its national assets to China over the ballooning public debt.

Speaking at a stakeholder’s forum on public debt management at Intercontinental Hotel, Director of Policy Risk Management at the National Treasury, Daniel Ndoho Monday said the government will not default on payment of the Sh5.04 trillion debt.

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