Core Insights - The Kenyan government budget execution review report for the fiscal year 2024/25 indicates a total debt repayment amount of 10.5 trillion shillings, driven by a surge in short-term treasury bills [1] - Interest repayments account for 6.323 trillion shillings, while principal repayments are only 3.601 trillion shillings, highlighting a reliance on short-term domestic borrowing to cover budget deficits [1] - The report warns of increasing refinancing risks due to the rapid growth of national debt, primarily attributed to high interest costs on treasury bills [1] Debt Dynamics - External debt is projected to grow by 4% to 5.4 trillion shillings, while domestic debt has surged by 17% to 6.33 trillion shillings [1] - Debt repayments are expected to consume 55.5% of fiscal revenue, significantly exceeding the IMF's recommended threshold of 30% [1] - The heavy debt burden is constraining fiscal space for development and essential public services [1]
肯面临陷入高利息债务陷阱的风险
Shang Wu Bu Wang Zhan·2025-09-10 15:24