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Public debt: State to pay Sh4tn interest in Ruto's first term

Interest repayment overtake budgets for crucial ministries

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by The Star

Big-read24 January 2023 - 15:16
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Kakamega Governor and Council of Governors chairman for Finance, Planning and Economic Affairs Committee Fernandes Barasa with Treasury CS Njuguna Ndung'u at Treasury offices in Nairobi.

Taxpayers are scheduled to cough up to Sh4 trillion to repay interest on public debt in what underlines the cash flow crisis occasioned by debt borrowed to fund budget deficits.

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