Yatani seeks extension of public debt relief to 2022

UkurYatani1002ca

Treasury Cabinet Secretary Ukur Yatani. FILE PHOTO | NMG

The Treasury is seeking for an extension of public debt repayment moratorium from rich countries beyond the June deadline, arguing that poor nations are yet to recover from the Covid-19 pandemic.

In January, Kenya secured deals to suspend debt service with the Paris Club of countries and other creditors, including China, covering the six months to the end of June this year.

PAYE Tax Calculator

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