Public debt stood at Sh11.36 trillion as of March 31, the Controller of Budget has said.
Dr Margaret Nyakang'o said this comprises Sh5.24 trillion owed to external lenders (46 per cent) and Sh6.12 trillion due to domestic lenders.
In her budget implementation review report for the first nine months of 2024/2025, Nyakang'o said the public debt stock increased by 7 per cent from Sh10.58 trillion on June 30, 2024. "External debt increased by 1 per cent due to additional loan disbursements of Sh194.05 billion from foreign commercial banks and Sh126.28 billion from multilateral organisations, while domestic debt recorded 13 per cent growth attributable to increased borrowing in the domestic market.
Notably, the supplier credit has recorded neither loan disbursement nor repayment in the first nine months of FY2024/25." At the same time, CoB said the allocation towards servicing the public debt in 2024/2025 amounted to Sh2.04 trillion, representing 89 per cent of the Consolidated Fund Services budgetary allocation, compared to Sh1.87 trillion allocated in 2023/2024.
