Why Kenya is trapped in a debt spiral

Treasury bureaucrats have considered a raft of options to try and stabilise the country’s debt position. FILE PHOTO | NMG

From effecting jobs cuts to tame a worryingly ballooning wage bill to repaying existing loans, Treasury bureaucrats have considered a raft of options to try and stabilise the country’s debt position.

Over the past five years, the public wage bill has jumped 61 percent to Sh604.33 billion as at 2018 compared with Sh374.94 billion in 2013, according to the Economic Survey 2019.

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Note: The results are not exact but very close to the actual.