Kenya's public debt continued surging in 2019, crossing the Sh6 trillion mark in July, according to the Central Bank of Kenya. According to analysis by the Parliamentary Budget Office, public debt it is projected to approach Sh 6.5 trillion at the end of 2019. For instance, the Treasury CS will delegate operational decisions on borrowing and debt management to the Public Debt Management Office (PDMO) to be created. Kenya’s dilemma of managing the runaway public debt is set to roll over in 2020 as the government confronts the reality of maturing loans. Eyes are now on acting Treasury CS Ukur Yatani who has promised to monitor, limit and effectively restructure the country's loans to sustainable levels.

Source: The Star December 29, 2019 20:15 UTC