As President Kenyatta’s 10-year tenure comes to an end, Kenya has been incurring debts at an average rate of Sh2.5 billion per day while spending Sh2.4 billion daily on repayments since July last year.
Documents from the National Treasury and the office of the Controller of Budget (COB) show that, whereas the country has been borrowing an average of Sh77 billion monthly in the current financial year, the government spent an average of Sh72.4 billion monthly to service debts. This means that, for each Sh1 borrowed since July, an equivalent of Sh0.92 was paid back to creditor
This means that, in his last two years in office, President Kenyatta will have borrowed at least Sh1.9 trillion, an amount that is higher than the total public debt Kenya had accumulated between independence and 2013 when he rose to power.
What is your point?
Its common knowledge that Kenya has been borrowing. Its also common knowledge that Kenya has been repaying its debts as there is no debt default that has been reported.
It is also common knowledge that a lot of infrastructure projects are being completed.
Govt is also paying its staff timely.
KRA is collecting taxes and in fact has been exceeding its annual targets.
So what exactly is your point apart from insulting the president?