Treasury PS Chris Kiptoo Reveals Kenya’s Public Debt at KSh 12.8 Trillion
National Treasury Principal Secretary Dr. Chris Kiptoo has disclosed that Kenya’s domestic debt now stands at KSh 7.1 trillion, while external debt is at KSh 5.7 trillion.
This brings the total public debt to KSh 12.8 trillion. Kiptoo made the remarks while addressing concerns about the country’s borrowing levels and debt management strategy.
The latest figures show a continued rise in domestic borrowing, which has now surpassed the KSh 7 trillion mark for the first time. This increase is mainly driven by the issuance of Treasury bonds and bills to finance government spending. External debt remains significant but slightly lower than the domestic portion. Kiptoo defended the government’s approach, stating that Kenya is on the right path and that domestic borrowing helps reduce reliance on foreign loans.
The disclosure has sparked fresh debate among Kenyans about the growing debt burden and how the borrowed funds are being used. Many citizens continue to express worry over debt sustainability and the impact on future generations. The government has repeatedly assured that the debt remains manageable, with ongoing efforts to improve revenue collection and control expenditure. As economic pressures persist, focus remains on balancing development needs with responsible borrowing.
