The government’s net borrowing from the domestic market hit Sh304.78 billion in the first seven months of the current fiscal year, going ahead of target for the period due to low Treasury bond maturities since October.
Latest exchequer statistics indicate the Treasury has now taken up 77.8 percent of its full year net domestic borrowing target of Sh391.45 billion. Ideally, the prorated target for borrowing after seven months would be 58.3 percent or Sh273 billion.
