Treasury spends Sh560bn on debt service in two months

Cabinet Secretary, National Treasury & Economic Planning Njuguna Ndung'u on May 17, 2023.  

Photo credit: File | Nation Media Group

The government spent more than half a trillion shillings to service debts in the first two months of this year, even as it remains with a larger burden of repaying more than Sh700 billion in the four months to June.

Latest data from the National Treasury shows that in January and February, government spending on public debt was Sh560 billion.

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