Treasury Cabinet Secretary John Mbadi has received demands from the Controller of Budget (COB), Margaret Nyakango, to reduce the country's Gross Domestic Product (GDP) debt ratio to 55% by 2029.

In a report reviewing the 2025 Medium-Term Debt Management Strategy, the COB stated that the National Treasury should develop a roadmap to achieve the benchmark debt threshold of 55% of GDP by 2029.

According to Nyakango, Kenya's total nominal public debt has been declining from 71.9% in 2022 to 65.7% in June 2024.

Controller of budget, Mary Nyakang'o appears before the County Public Investments and Special Funds Committee on February 22, 2023.