If approved, the write-offs would transfer the financial burden to taxpayers.
State firms are seeking to write off about Sh28.55 billion in loans after years of defaults, effectively transferring the financial burden to taxpayers.
Treasury’s Government Investment and Public Enterprises annual report for the year to June 2025 shows that the write-off requests submitted to the Cabinet form part of Sh511.44 billion in principal and accrued interest on earlier loans.
Taxpayers face Sh28.5bn hit as State firms seek debt write-offs - Business Daily
Treasury mulls slashing Sh4.8tr budget, tax hikes still an option
Kenya's debt nears Sh13 trillion mark as repayment woes mount
State pays oil marketers Sh6 billion amid fuel subsidy strain
Cost of buying office supplies in government crosses Sh1trn - Business Daily
Mbadi: Finance Bill 2026 measures aim to simplify taxes
Ruto holds the key to payslip tax cuts
Professional bodies oppose controversial tax proposals
Senegal denies covertly borrowing 650 mn euros to avoid default
Taxing the senator, not the driver, By Tobechukwu Ezeuko
At least 29 State-owned entities have applied to write off historical loans deemed unrecoverable, even as defaults rise and Kenya…
Treasury is considering cutting Kenya’s Sh4.8 trillion 2026/27 budget and possibly raising taxes amid global economic pressures…
The government plans to use an extra Sh5 from the fuel levy as collateral to raise Sh120 billion for road projects, increasing…
Official government data shows that Kenya's public debt is racing towards a record of Sh13 trillion.
The government’s determination to widen the tax base reflects an attempt to curb excessive borrowing and restore fiscal stability.
State government faces mounting loan burden, nearing borrowing limit set by Union Finance Ministry, restructuring high-interest…
