The Treasury has again raised the domestic borrowing target for the current financial year on the back of lower-than-projected tax collections, hitting the plan to slash fresh debt by Sh273.7 billion.
Revised estimates in the Kenya Gazette show the Treasury has now set sights on tapping Sh471.4 billion from the domestic market to plug a hole in President William Ruto’s nearly Sh3.9 trillion first full-year budget.
