A report tabled in the National Assembly has revealed that President William Ruto's administration acquired external loans amounting to Ksh68 billion between September and December last year.

The reports submitted to Parliament by the National Treasury on Thursday, February 13, revealed that most of these loans were taken to bridge the budget deficit and facilitate infrastructure development in the country.

The largest loan the government acquired during the year's final quarter was a credit facility from Italy worth Ksh20 billion.

The multi-billion loan, acquired on October 14, is set to be repaid in 27 instalments, with the last tranche due in 2045.