logo

Videos

Understanding Kenya’s debt situation

PUBLISHED: Tue, 26 Feb 2019 15:26:40 GMT

Kenya’s Treasury recently revealed projections indicating that the country will spend 61 per cent of the total projected tax collection on debt repayment in the 2019/20 financial year. This made The Controller of Budget to raise the red flag on the country’s increasing public debt. However, the Treasury has a relaxed stance on this and says the public debt will only become unsustainable if it hits 70 per cent of GDP. Dr. Caesar Mwangi: Chairman, Kenya Markets Trust joins CNBC Africa to give analysis….


Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Sign up here.