Treasury taps Sh28bn emergency loan from CBK

The National Treasury took an emergency loan facility of Sh27.8 billion from the Central Bank of Kenya (CBK) last week, marking the biggest weekly overdraft since the week ended December 18 last year, pointing to State cash flow pressures.

Data from the country’s apex bank shows that outstanding overdraft from the government’s fiscal agent hit Sh63.05 billion last week, to account for 1.06 percent of the country’s overall domestic debt, up from Sh35.24 billion which made up 0.59 percent of domestic borrowings the preceding week.