Kenyan lawmakers are pushing for a change in legislation to accommodate a Ksh4 trillion ($35.39 billion) new debt to fund a rising budget deficit amid warnings that the country is headed into debt distress.
Kenya’s National Treasury is considering options of financing a Ksh846 billion($7.48 billion) deficit in its Sh3.2 trillion ($28.31 billion) spending plan for 2022/2023.
