Kenya's debt repayment costs exceeded revenue from taxes and fees on services in the first month of the current year by Sh4.9 billion, pointing to a growing squeeze on public finances.
The Treasury spent nearly Sh161.84 billion on debt repayments in July, according to gazetted data on inflows and outflows from the government's main account, surpassing Sh156.94 billion receipts from taxes and non-tax revenue from State services.
