Budget boss eyes special fund for debt repayment

Controller of Budget Margaret Nyakang’o. 

Photo credit: File | Nation Media Group

The Controller of Budget is pushing for the creation of a sinking fund for loan repayment amid growing concerns that the country is headed to debt distress.

Margaret Nyakango says that the kitty would ensure enough funds to pay the fast-maturing debt and reduce budgetary disruptions as Kenya struggles to pay the external debt.

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