Kenya borrowed the largest amount of money in a single year during President William Ruto’s first year in office, pushing the debt levels past the ceiling amid shortfalls in tax collections and increased repayment obligations.
Gross debt stock climbed Ksh1.56 trillion ($10.8 billion) for the financial year ended June, fresh data released by the Treasury shows, breaching the Ksh10 trillion ($69.52 billion) mark by Ksh189.53 billion ($1.32 billion).
