The country’s public debt is set to hit the roof as the National Treasury tries to plug the widening budget deficit with more borrowing on the weakening shilling against the world’s major currencies.
As the shilling weakens against major currencies, the budget deficit has risen by Sh143.5bn.
The country’s public debt is set to hit the roof as the National Treasury tries to plug the widening budget deficit with more borrowing on the weakening shilling against the world’s major currencies.
Help us continue bringing you unbiased news, in-depth investigations, and diverse perspectives. Your subscription keeps our mission alive and empowers us to provide high-quality, trustworthy journalism. Join us today to make a difference!
