Kenya will use Sh4.50 for every Sh10 collected as taxes in the year to June for debt payments, underlining the burden of mounting government borrowing.
The Treasury data show that it will pay Sh658.2 billion for loans in the current financial year, making it the single-largest expenditure and 45 per cent of the Sh1.44 trillion that the Kenya Revenue Authority (KRA) is expected to collect in taxes in the period to June.
