Treasury trims use of CBK emergency loans

The Treasury has cut down the use of an emergency loan facility at the central bank to fund critical government expenditures to a six-month low, pointing to easing cash flow pressures in the first month of implementation of the William Ruto administration’s first full-year budget.

Outstanding overdraft dropped to Sh48.18 billion in the week of July, according to the latest Central Bank of Kenya filings, the lowest since Sh34.32 billion for the week ended January 20.