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Treasury likely to miss the 2028 debt cap target amid cash shortfalls
Despite repeated commitments to fiscal consolidation, debt accumulation has continued, exposing a widening gap between the policy intent and execution of the plan.
Kenya looks set to miss the legally binding public debt limit by the end of the five-year adjustment window, highlighting the challenge of rising expenditure amid revenue shortfalls.
Latest Treasury projections shows the country’s debt will remain above the anchor of 55 percent of gross domestic product (GDP) until 2030, two years after the deadline set when the threshold was set.
