The National Treasury spent an additional Sh13.42 billion or 6.58 percent more on domestic interest repayments than it had budgeted for in the half-year period to December on the back of growing shift towards longer-dated debt, which pays higher interest rates.
Expenditure on interest payments on Treasury bonds and bills zoomed past the Sh203.86 billion estimates for the review period to Sh217.28 billion, Treasury Cabinet Secretary Ukur Yatani says in the latest budgetary disclosures.
