Treasury’s CBK overdraft drops amid debt pressure

The National Treasury Director General, Accounting Services & Quality Assurance Bernard Ndung'u.

Photo credit: File | Nation Media Group

The government’s reliance on emergency borrowing from the Central Bank of Kenya (CBK) eased in mid-January after the Treasury cut its overdraft balance to Sh6.94 billion last week, down from Sh67.36 billion the previous week.

Latest CBK disclosures show the steep drop came as the Treasury moved to replenish short-term liquidity in preparation for upcoming domestic debt obligations.

PAYE Tax Calculator

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