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Dip in shilling sees external debt budget balloon by Sh216.7b

Controller of Budget Margaret Nyakang'o during the Kenya Kwanza Alliance and Azimio la Umoja coalition Bipartisan talks at Bomas of Kenya Nairobi on October 31, 2023. [David Gichuru, Standard]

The government has been forced to increase the money allocated towards repayment of external debts by Sh216.67 billion in the last three months due to the depreciation of the Kenya Shilling.

Controller of Budget (CoB) Margaret Nyakang'o on Tuesday told the National Assembly Committee on Public Debt and Privatisation that the funds have been factored in the supplementary Budget estimates.

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