The country paid out Ksh67.1 billion ($671 million) as interest against a target of Ksh62.5 billion ($625 million) for its total loans, which currently stand at 54 per cent of the GDP at Ksh4.4 trillion ($44 billion). FOTOSEARCH
Kenya paid Ksh4.6 billion ($46 million) more in interest on loans than it had budgeted for in the first three months of the current financial year. This came as its revenue collections lagged, underscoring concerns over the country’s rising public debt.
The country paid out Ksh67.1 billion ($671 million) as interest against a target of Ksh62.5 billion ($625 million) for its total loans, which currently stand at 54 per cent of the GDP at Ksh4.4 trillion ($44 billion).
