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Institute of Economic Affairs is a Public Policy think tank that seeks to promote pluralism of ideas through open, active and informed public debates

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𝐃𝐞𝐛𝐭 𝐬𝐞𝐫𝐯𝐢𝐜𝐢𝐧𝐠 𝐢𝐬 𝐬𝐭𝐢𝐥𝐥 𝐜𝐫𝐨𝐰𝐝𝐢𝐧𝐠 𝐨𝐮𝐭 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 𝐬𝐩𝐞𝐧𝐝𝐢𝐧𝐠 𝐢𝐧 𝐊𝐞𝐧𝐲𝐚 🇰🇪 𝑰𝒏 𝒑𝒍𝒂𝒊𝒏 𝒕𝒆𝒓𝒎𝒔 𝒇𝒐𝒓 𝒆𝒗𝒆𝒓𝒚 𝑲𝑺𝒉10 𝒕𝒉𝒆 𝒈𝒐𝒗𝒆𝒓𝒏𝒎𝒆𝒏𝒕 𝒄𝒐𝒍𝒍𝒆𝒄𝒕𝒆𝒅, ~𝑲𝑺𝒉7 𝒈𝒐𝒆𝒔 𝒕𝒐 𝒔𝒆𝒓𝒗𝒊𝒄𝒊𝒏𝒈 𝒅𝒆𝒃𝒕. National Treasury's citizen debt report: over 70% of government revenue in FY2024/25 went to debt repayment. Track the numbers: or DIAL *455*9# Public Debt Brief:

𝐃𝐞𝐛𝐭 𝐬𝐞𝐫𝐯𝐢𝐜𝐢𝐧𝐠 𝐢𝐬 𝐬𝐭𝐢𝐥𝐥 𝐜𝐫𝐨𝐰𝐝𝐢𝐧𝐠 𝐨𝐮𝐭 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 𝐬𝐩𝐞𝐧𝐝𝐢𝐧𝐠 𝐢𝐧 𝐊𝐞𝐧𝐲𝐚 🇰🇪 𝑰𝒏 𝒑𝒍𝒂𝒊𝒏 𝒕𝒆𝒓𝒎𝒔 𝒇𝒐𝒓 𝒆𝒗𝒆𝒓𝒚 𝑲𝑺𝒉10 𝒕𝒉𝒆 𝒈𝒐𝒗𝒆𝒓𝒏𝒎𝒆𝒏𝒕 𝒄𝒐𝒍𝒍𝒆𝒄𝒕𝒆𝒅, ~𝑲𝑺𝒉7 𝒈𝒐𝒆𝒔 𝒕𝒐 𝒔𝒆𝒓𝒗𝒊𝒄𝒊𝒏𝒈 𝒅𝒆𝒃𝒕. National Treasury's citizen debt report: over 70% of government revenue in FY2024/25 went to debt repayment. Track the numbers: or DIAL 4559# Public Debt Brief:

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𝐓𝐡𝐞 𝐝𝐞𝐛𝐭 𝐬𝐞𝐫𝐯𝐢𝐜𝐢𝐧𝐠 𝐜𝐡𝐚𝐫𝐠𝐞𝐬 Kenya’s public debt has reached 𝐊𝐒𝐡 𝟏𝟐.𝟗𝟖 𝐭𝐫𝐢𝐥𝐥𝐢𝐨𝐧, 𝐚𝐛𝐨𝐮𝐭 𝐊𝐒𝐡 𝟐𝟑𝟖,𝟑𝟖𝟓 𝐟𝐨𝐫 𝐞𝐯𝐞𝐫𝐲 𝐊𝐞𝐧𝐲𝐚𝐧. But the bigger question is not only how much we owe, it is how much it costs to service that debt which currently stands at Ksh 2.3 trillion annually, 75% of revenue from ordinary taxes Track the numbers: Public Debt Brief:

𝐓𝐡𝐞 𝐝𝐞𝐛𝐭 𝐬𝐞𝐫𝐯𝐢𝐜𝐢𝐧𝐠 𝐜𝐡𝐚𝐫𝐠𝐞𝐬 Kenya’s public debt has reached 𝐊𝐒𝐡 𝟏𝟐.𝟗𝟖 𝐭𝐫𝐢𝐥𝐥𝐢𝐨𝐧, 𝐚𝐛𝐨𝐮𝐭 𝐊𝐒𝐡 𝟐𝟑𝟖,𝟑𝟖𝟓 𝐟𝐨𝐫 𝐞𝐯𝐞𝐫𝐲 𝐊𝐞𝐧𝐲𝐚𝐧. But the bigger question is not only how much we owe, it is how much it costs to service that debt which currently stands at Ksh 2.3 trillion annually, 75% of revenue from ordinary taxes Track the numbers: Public Debt Brief:

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These were Kwame Owino’s comments in 2014 on whether a Sovereign Wealth Fund is necessary for Kenya and they remain even more relevant today as the country grapples with rising debt and shrinking fiscal space.

These were Kwame Owino’s comments in 2014 on whether a Sovereign Wealth Fund is necessary for Kenya and they remain even more relevant today as the country grapples with rising debt and shrinking fiscal space.

37,369 views • 10 months ago

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