Kenya’s low risk debt window under threat, say economists

Taxpayers queue at Railway Grounds, Nairobi, last year to seek assistance in filing the 2016 returns ahead of the June 30 deadline. PHOTO | MARTIN MUKANGU

The Treasury should negotiate for longer debt repayment terms going forward, economists have said, warning that piling borrowing costs pose a major threat to the country’s low risk of default.

For the current financial year ending in June, about Sh658.22 billion has been budgeted towards serving the ballooning debt, which is estimated to have crossed Sh4.55 trillion last December, from Sh4.48 trillion in September.

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