Typing error saw Sh8.6bn allocation for non-existent State loan

Ministry of National Treasury and Planning Cabinet Secretary Ukur Yatani. PHOTO | FRANCIS NDERITU | NMG

A typing error by the National Treasury has inflated the size of bilateral debt after Sh8.6 billion was included as part of repayment for a non-existent loan to the United Kingdom.

The first Quarterly Economic and Budgetary Review indicated the Treasury paid Sh8.6 billion interest to the UK, putting total bilateral debt service at Sh41 billion.

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