According to the Central Bank of Kenya, as of June 2021, the total stock of public debt in Kenya was Ksh 7.7 trillion (equivalent to approximately US$71 billion). This includes both domestic debt (Ksh 3.9 trillion) and external debt (Ksh 3.8 trillion).
The Kenyan government has been borrowing heavily in recent years to finance infrastructure projects and other development initiatives, leading to a significant increase in the country’s public debt. However, there are concerns about the sustainability of Kenya’s debt levels and the government’s ability to service its debt obligations in the long run. The government has acknowledged these concerns and has taken steps to address them, including increasing revenue mobilization efforts and improving public financial management.
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