By IBRAHIM ORUKOMore by this AuthorKenya is spending 68 percent of its revenue on repaying loans, raising questions about the exact extent of the government’s indebtedness. She said the numbers of equitable shareable revenue in the BPS were not anchored in law and denied claims that the government was overprojecting revenue collections. The debt is rising yearly, with a projection of revenue raised from Sh1.4 trillion to the current Sh1.6 trillion to next Sh1.8 trillion. The Treasury says revenue is projected to increase by Sh249.4 billion to Sh2.08 trillion in 2019/2020 from Sh1.83 trillion in 2018/2019. PUBLIC DEBTTwo internationally recognised public debt indicators have been used, which show the country’s present value (PV) public debt to Gross Domestic Product (GDP) was 60.6 percent in 2018 compared with the recognised threshold of 70 percent.

Source: Daily Nation February 22, 2019 03:00 UTC