More pain as debt repayment takes 57pc of tax collections

Treasury secretary Henry Rotich. FILE PHOTO | NMG

The Treasury spent Sh57 out of every Sh100 it collected in July and August to service debt, underlining the burden of mounting government borrowing on taxpayers.

Debt repayments consumed Sh118.08 billion in the first two months of this financial year that started in July, Treasury statistics show, a jump from Sh35.08 billion recorded in the similar period a year earlier.

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