Kenya is seeking to borrow at least Kes 1 trillion in the current financial year 2020/2021, to plug the gap left by revenue shortfall and ongoing stimulus measures aimed at cushion Kenyans from adverse impact of COVID-19.
The Budget Review and Outlook Paper published by the National Treasury shows that the government will seek loans amounting to Kes 600 billion from the domestic market while another Kes 401.8 billion will be sourced externally.
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