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THE STANDARD
BUSINESS NEWS
The National Treasury building, Nairobi. July 9, 2020. [Elvis Ogina, Standard]
The six-month anaesthesia on Kenya’s debt repayment burden will wear off in July, with the pain of meeting its debt obligations rising sharply.
In the upcoming 2021-22 financial year, the country’s debt service is projected to increase to Sh436 billion, up from an earlier estimate of Sh406 billion.
This lends credence to experts’ opinion that the cash-strapped National Treasury has only been postponing its liquidity crisis through the debt service suspension initiative (DSSI) done under the G-20 framework.
Payment of public debts and interest takes first charge, a situation that has seen most of the country’s revenues go to paying off creditors at the expense of other critical public services such as health, education and security. ....

France General , Nairobi Area , South Korea , International Monetary Fund , National Treasury , Paris Club , Draft Budget Policy Statement , Budget Review Outlook Paper , Genghis Capital , Debt Repayment , Public Debt , பிரான்ஸ் ஜநரல் , நைரோபி பரப்பளவு , தெற்கு கொரியா , சர்வதேச பண நிதி , தேசிய கருவூலம் , பாரிஸ் சங்கம் , வரைவு பட்ஜெட் பாலிஸீ அறிக்கை , பட்ஜெட் விமர்சனம் ஔட்‌லுக் காகிதம் , கெஂக்‌ஹிஸ் மூலதனம் , பொது கடன் ,