The government, which has not been getting sufficient tax revenues, plunged into the debt market to help stimulate the economy. Read MoreBesides giving taxpayers reliefs, the government also set aside some money as part of a stimulus package. Sh8.4 trillion: This is the stock of Kenya’s total public debt, if you include the committed undisbursed debt of Sh1.35 trillion. Due to poor tax collection amid the adverse effects of Covid-19, the National Treasury resorted to borrowing to help stimulate the economy. With a weak shilling, the country was at risk of imported inflation as prices of imported goods shot up.

Source: Standard Digital December 31, 2020 07:18 UTC