Treasury Secretary Henry Rotich, who was Tuesday released on a Sh15 million cash bail after answering to corruption charges, took over at the Ministry of Finance six years ago when Kenya’s annual budget was Sh1.65 trillion and doubled it to Sh3.01 trillion by June this year.
He borrowed heavily to finance the ever-expanding budget, pushing the public debt level to Sh5.42 trillion, equivalent to 57 percent of the gross domestic product, from Sh1.88 trillion (39.8 percent of GDP) when he took over in 2013.
