Kenyan Lawmakers Warn of Ksh. 11 Trillion Debt Crisis and Ksh. 3.3 Trillion Revenue Ahead of FY 2025/26 Budget

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Updated Apr 16, 2025, 01:39 PM

Kenyan lawmakers are expressing growing concerns over the country's escalating debt crisis, currently estimated at Ksh. 11 trillion. MP Ndindi Nyoro has raised alarms about the potential for Kenya to be classified among nations at risk of defaulting on their debts, a situation he describes as perilous. He criticized the government's increasing recurrent costs, which he claims are hindering development. Fellow MP Mark Nyamita highlighted that zero-based budgeting is currently unfeasible due to the heavy debt burden, while MP Julius Rutto emphasized the need for a balanced budget amid ongoing economic challenges. Experts have also described the government's projected revenue collection of Ksh. 3.3 trillion for the fiscal year 2024/25 as ambitious, calling for a reevaluation of spending and tax policies. Additionally, lobby groups are pressing the government to settle pending bills before proceeding with the budget-making process for FY 2025/26, citing fiscal irresponsibility. The situation has prompted calls for a tighter control of government expenditure and a reduction in borrowing.

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Sources

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Citizen TV Kenya

@citizentvkenya

Pending bills petition Operation Linda Jamii files petition over pending bills Group wants govt compelled to pay pending bills #CitizenBriefs @Wycliffeorandi https://t.co/4XSmS0hgP0