Treasury Cabinet Secretary Njuguna Ndung’u faces a growing headache in financing the national budget as the government continues to fall behind target in both its domestic borrowing plan and tax collection.
In the current fiscal year that started in July, the Treasury is targeting to borrow a net of Sh550.9 billion from the domestic market to help fill a budget hole of Sh849.2 billion, with the remaining Sh298.4 billion coming from external lenders.
