The country's debt-to-GDP ratio has dropped 5.2 per cent over the last two years on account of the strengthening of the Kenyan shilling against the dollar.
According to the National Treasury, the debt-to-GDP ratio now stood at 65.5 per cent in 2024 and will drop to 63.6 per cent this year.
Expressed as a percentage, the debt-to-GDP ratio indicates the proportion of a nation's debt relative to its economic output.
A higher debt-to-GDP ratio suggests that a country might face challenges in meeting its debt obligations without incurring additional debt.