Treasury cuts CBK overdraft by 36pc

The National Treasury building in Nairobi. FILE PHOTO | NMG

The Treasury has cut its emergency borrowing from the Central Bank of Kenya (CBK) by 36 per cent in the past week just as it collected billions from T-bill auctions.

The CBK in the latest bulletin said the Treasury’s outstanding borrowing stood at Sh29.93 billion compared to Sh47 billion in the previous week.

PAYE Tax Calculator

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