Kenya taps Sh207bn loans to pay salaries and debts
Nairobi, Aug. 11 -- The Treasury borrowed Sh207.7 billion to pay salaries, debt repayments and other recurrent expenditure in the year ended June, in continued breach of the public finance management law.
The draft 2026 Budget Review and Outlook Paper (BROP) shows the President William Ruto administration borrowed Sh983.7 billion in the financial year 2025/26.
The Treasury, however, says that only Sh776 billion was spent on development, leaving Sh207.7 billion to fund recurrent expenditure.
The disclosure means more than one in every five shillings borrowed in the year to June did not go into building roads, dams, schools, hospitals or other long-term assets, but instead financed the ordinary cost of running government.
Kenya faces se...
Click here to read full article from source
इस लेख के रीप्रिंट को खरीदने या इस प्रकाशन का पूरा फ़ीड प्राप्त करने के लिए, कृपया
हमे संपर्क करें.