×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Download Now

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

Vocalize Pre-Player Loader

Audio By Vocalize

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.

Premium Article

Get Full Access for Ksh299/Week.

Uncover the stories others won't tell. Subscribe now for exclusive access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Shipping & Logistics
Blow as China declines to sign pact on illegal fishing
Business
KTDA warns critics against circulating leaked loan data
Business
More pain at the pump as Epra hikes oil firms' margins by Sh7
Business
Family Bank profit soars to ShSh3.7b as Absa ups dividend amid profit dip