International credit rating agency Moody’s expects Kenya's government debt burden which stood at 56.4 per cent of GDP by June this year, to continue rising due to high budget deficits and interest payments. FOTOSEARCH
International credit rating agency Moody’s expects Kenya’s debt to rise to 60 per cent of GDP by mid-next year, heralding higher financing costs for the private sector.
Moody’s expects the government debt burden which stood at 56.4 per cent of GDP by June this year, to continue rising due to high budget deficits and interest payments.
