Public debt climbs to Sh6.28 trillion on 13 new loan deals

Treasury CS Ukur Yatani: Kenya’s debt went up by 15 per cent compared to last year. FILE PHOTO | NMG

Kenya’s debt rose by 15 percent to Sh6.28 trillion in the three months to March, from similar period last year, documents tabled before Parliament show.

The quarterly economic and budgetary report shows that the Jubilee administration signed 13 loan deals in the period occasioning the Sh864.4 billion rise in total public debt from Sh5.42 trillion as at March last year.

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