Debt repayments to take up half of taxes

The National Treasury building in Nairobi. FILE PHOTO | NMG

Taxpayers will spend Sh870.52 billion on debt repayments in the year starting July, underlining the burden of expensive short-term debt the Treasury has accumulated in recent years.

This will represent a growth of Sh262.22 billion over the revised Sh608.40 billion repayments for the current year, the 2018-19 budget data shows.

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