Kenya’s debt ceiling shot to Ksh.10 trillion Tuesday following approval by the Senate.
The National Treasury Cabinet Secretary Ukur Yatani tabled a proposal before the National Assembly on May 31 and Members of Parliament approved the request on June 7.
Kenya has been operating under a Ksh.9
Kenya’s Members of Parliament voted to raise the current debt ceiling from Ksh.9 trillion to Ksh.10 trillion.
This gives the next administration after the August 9, 2022 election more room for borrowing to sustain the economy, with the current debt both domestic and foreign standing at
The National Treasury Cabinet Secretary Ukur Yatani has proposed to raise Kenya’s debt ceiling from the current Ksh.9 trillion to Ksh.10 trillion.
In a gazette notice published on May 26, CS Yatani said that “pursuant to the provision of section 50 (2) of Public Finance Management