The Treasury increased emergency borrowings from the Central Bank of Kenya (CBK) to the near limit of Sh80 billion in the year ended June on cash flow pressures, more than doubling the apex bank’s interest earning from this lending.
The CBK discloses in the latest annual report that the Treasury closed the financial year ended June with overdraft worth Sh76.46 billion, being a 30.6 percent rise from Sh58.5 billion in the preceding financial year.
