Kenya’s national debt has surged to KSh11.7 trillion, marking one of its highest levels yet, after the National Treasury borrowed more than KSh1.1 trillion in the last financial year. Controller of Budget Margaret Nyakang’o revealed the alarming figures in her report to the National Assembly’s Committee on Public Debt and Privatisation. Nyakang’o told lawmakers that the country’s stock of public debt rose sharply from KSh 10.6 trillion in 2023/24 to KSh 11.7 trillion in 2024/25, largely driven by increasing fiscal deficits and pressure from a weakening shilling. “Kenya’s total gross public debt stock for 2024/25 is estimated at Sh11.7 trillion The post Kenya’s Public Debt Climbs to Record High as Treasury Borrows KSh1.1 Trillion in One Year appeared first on Nairobi Wire.