By
Constant Munda
Correspondent
Nation Media Group
The Treasury borrowed Sh207.7 billion to pay salaries, debt repayments and other recurrent expenditure in the year ended June, in continued breach of the public finance management law.
Kenya taps Sh220bn loans to pay salaries and debts
Kenya faces severe fiscal pressures and cash constraints driven by high debt-servicing costs and below-target revenue performance, prompting the Treasury to tap loans for recurrent spending.
1,016 words~5 min read
