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Truth Without Fear
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Kenya's Controller of Budget Margaret Nyakang'o has issued a stark warning over the country's rapidly growing public debt, which reached Sh11.73 trillion by the end of June 2025, raising concerns about fiscal sustainability and economic stability.
In the latest National Government Budget Implementation Review Report for the 2024-25 financial year, Dr Nyakang'o noted that the government had significantly deviated from its own borrowing policy, with domestic borrowing outpacing external loans despite a medium-term strategy recommending a balanced 50:50 mix.
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