Kenya: Kenya Trapped in Borrowing Cycle As Debt Hits Billions of Dollars - Controller of Budget ...Middle East

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Kenya: Kenya Trapped in Borrowing Cycle As Debt Hits Billions of Dollars - Controller of Budget
source : allafrica ( Middle East ) () 26
[Capital FM] Nairobi -- Kenya's public debt has climbed to Sh12.82 trillion, with loan repayments now consuming 71 per cent of all government revenue, leaving just 29 per cent to fund salaries, public services and development projects, Controller of Budget Margaret Nyakang'o has told Parliament.

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