Kenya’s public debt has for the first time exceeded the Sh4.5 trillion mark, reflecting the Jubilee government’s increasing appetite for loans despite recent warnings over the pace at which the debt is accumulating.
The Treasury’s latest Quarterly Economic and Budgetary Review report indicates that total public debt stood at Sh4.57 trillion at the end of December 2017 as the build-up of massive borrowing that began five years ago continued unabated.
