The Treasury has adjusted its domestic borrowing costs upwards by Sh180.6 billion to finance its Sh3.973 trillion budget amidst flagging tax revenues.
Projections in the Budget Policy Statement 2025, or BPS 2025, show that net domestic borrowing target is now Sh593.7 billion from Sh413.1 billion, as the government takes advantage of the lower interest rates to ease its financing pressures.
