Kenya’s public debt burden has reared its ugly head again. In the first month of 2016/17, when tax collection of Sh52.18 billion could hardly cover critical operations, the huge amount released for debt repayment stuck out like a sore thumb.
Data published by the Treasury shows that Sh16.59 billion was released from the Consolidated Fund to cover public debt repayment in July. It smacks of a debt trap that no cash was released for development in July.
