Of the big chunk of the loans to be repaid, 53.5 per cent was of the amount of the 364-day T-bill tenor. However, the payments add to the fiscal burden that Treasury has been grappling with, owing to a tough business environment that has seen tax revenues dwindle. As a result, the National Treasury has fallen behind in the disbursement of cash to the county governments by two months. Treasury plans to save close to Sh73 billion by requesting deferment of interest payments on government securities held by pension funds and insurance companies. This is part of the National Treasury’s debt restructuring plan aimed at consolidating more funds to spend on the economy at a time when tax revenues are dwindling.