National Government spends Ksh. 228 Billion in seven Months on Public Debt Servicing in Kenya
Kenya spent Sh 228 billion to pay creditors in the first months of the current financial year 2017/18.This is an increment from Sh. 144.3 billion that was used to pay creditors in the Financial year 2016/17 representing a 58 per cent increase.The Bretton Woods institution- International monetary fund has warned that the country might plunge into a crisis similar to that of Greece if nothing is done about the borrowing – Standard Newspaper
That is where the country is according to The Standard Newspaper. It contradicts the statements made by the National Treasury.
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Aden Duale begs to differ with IMF. We need the truth. In my next article I will check out whether these claims are true.