- President William Ruto has failed to control Kenya’s huge debt, which continues to increase under his rule
- Kenya’s central bank focused on the value of domestic and foreign debt derived from the country in its weekly statement
- Alternative Economic Advisor Tony Mwiti explained TUKO.co.ke how the country can control its big debt
Kenya’s public debt now reaches $ 11,511.72 billion (KSh 11.51 trillion), from $ 11,491.98 billion (KSh 11.49 trillion) in April 2025.
Source: Twitter
This is according to recent data published by the Bank of Kenya (CBK) in its weekly statement, focusing on financial and financial development in the country.
What is Kenya’s internal and external debt?
According to the report, Kenya’s foreign debt rose from $ 5,327.88 billion (KSh 5.33 trillion) April 2025 to $ 5,308.18 billion (KSh 5.32 trillion) on May 2025.
At the same time, the value of domestic debt increased from $ 6,164.10 billion (Ksh 6.16 trillion) to $ 6,203.54 billion (KSh 6.2 trillion).
In the domestic market, banking institutions take up the largest part of the government’s loans (45.12%), followed by pension funds (28.82%), other investors (12.90%), insurance companies (7.24%) and public agencies (5.92%).
How can Kenya control its huge debt?
Tony Mwiti, an alternative economist, noted that Kenya has the option of publishing money as an alternative plan to fund key economic areas, such as unpaid bills and starting much work.
He suggested that the currencies were previously published and distributed in the economy before the government collected parts through tariffs.
“In history, governments have published money, distribute it in various ways, and then taxes. In areas such as access and strengthening the salaries of university lecturers, doctors, nurses, physicians and teachers who always strike because they are not paid their salaries and salary increases, the current non -inflationary structure can be used to strengthen our economy. He told TUKO.co.ke.
Source: Getty Images
Source: Getty Images
What to know about Kenya’s debt
- By the end of Ruto’s first term in 2027, the Treasury predicted that the National Debt would increase to KSh 13.2 trillion.
- Busia Senator Okiya Omtatah claimed that Kenya had paid its debts and wanted to be fully responsible.
- The government intends to borrow more than KSh 900 billion in the 2025/2026 financial year.
What did the Treasury say about Kenya’s debt?
John MbadiThe Secretary of the Cabinet (CS) of the National Treasury, announced that Kenya is reviewing its debt.
During the 2025/2026 budget discussion, the Prime Minister promised taxpayers that the results would be available to the public after the audit was completed.
Some Kenyans have opposed the figures, but Mbadi said the treasury would provide more details if there were any differences.
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Source: TUKO.co.ke
