DJ Form 8.3 - The Vanguard Group, Inc.: Alternative Credit Investments plc The Vanguard Group, Inc. ( ) Form 8.3 - The Vanguard Group, Inc.: Alternative Credit Investments plc 04-March-2021 / 14:41
THE STANDARD
BUSINESS NEWS
The National Treasury building, Nairobi. [Elvis Ogina, Standard]
Parliament has asked the National Treasury to reduce its domestic borrowing target in the 2021-22 financial year by Sh193 billion, setting the stage for the government to head to the international debt markets.
A report by the National Assembly Budget and Appropriations Committee further asks the government to reduce the stock of Treasury bills by Sh200 billion and retire its overdraft facility at the end of each financial year.
“Consistent with the debt mix that ensures there is low cost and minimises risk, net foreign financing be limited to Sh530 billion while net domestic financing be set at Sh399 billion,” the committee said.