Kenya's public debt has Sh—12 trillion, plunging the country into severe debt distress. The debt-to-GDP ratio is around 67–69%, exceeding the 50% anchor. The debt is driven by heavy infrastructure borrowing and large interest rates on domestic debt. Nearly 70–80% of tax revenues are used to service debt, which means that out of every Sh10 collected from revenue, about Sh7 goes to lenders.

This happens as the statehouse is set to spend KSh17.6 billion by the end of the current financial year, double the KSh8.5 billion allocated at the beginning of the year. According to the estimates contained in the supplementary budget of the current financial year, the statehouse was allocated an additional 8.43 billion, bringing the total allocation to KSh. 17.6 billion by the end of the year.


Reports from the national treasury indicate that the statehouse in the 2024/2025 financial year has spent 12.6 billion, 11.3 billion in 2023/2024, and 9.1 billion in 2022/2023. The government has, however, been decreasing direct spending on infrastructure over the years.


 The National Treasury allocation for environmental protection, water, and natural resources has seen a general downward trend in the initial budget estimates over the three year period, with a greater focus on water & climate resilient projects. In the 2023/2024 budget, 3.8 billion was set aside for environmental management. 


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PMTV Admin

Admin — PMTV Kenya

Staff writer at PMTV Kenya, covering stories across news, sports and entertainment.

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