Treasury takes biggest overdraft

The National Treasury building in Nairobi. FILE PHOTO | DENNIS ONSONGO | NMG

The Treasury took an emergency facility of Sh30.2 billion from the Central Bank of Kenya (CBK) last week, the biggest overdraft in a week in over three years, pointing to biting cash flow pressures owing to a tough economic environment.

This came in the same week that the public debt crossed the Sh9 trillion mark for the first time after it hit Sh9.1 trillion on December 22 last year according to data published by the CBK on Friday.

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