On debt: As we have indicated before, our public debt remains sustainable. He sat down with the Sunday Nation in an interview touching on scandals, the Eurobond saga, the national debt and his personal life. ExcerptsQuestion: Why did the National Treasury pay billions of shillings for two dams in Elgeyo Marakwet that are non-existent? A: The role of the National Treasury is clear – to review and negotiate the financing terms to ensure it is within the government borrowing policy. As at the end December 2018, Kenya’s public debt in nominal terms was equivalent to 52 per cent of GDP, of which half is foreign debt.

Source: Daily Nation March 03, 2019 06:00 UTC