Title: Launch of The Citizen Alternative Budget
Date: Friday, 7th May 2021
Time: 10:00 AM - 11: 30AM
Venue: Microsoft Teams
RSVP: onditim@ieakenya.or.ke
Trends in Kenya’s Total Domestic Public Debt Stock from 1999 – 2018 (In nominal terms)
| Post Date: 13 May 2019 | Category: Debt | Hits: 3509 |
Trends in Kenya’s Total Domestic Public Debt Stock from 1999 – 2018 (In nominal terms)
Source: Central Bank of Kenya
The number of the Week: 2.1, this is the factor by which domestic debt has grown in the last five years.
Domestic debt has nearly doubled in the last five years (2013-2018)
- Between 1999 and 2013, Kenya borrowed a trillion shillings domestically, with an average of Ksh 77 billion borrowed yearly.
- Between 2013 and 2018, Kenya borrowed 1.5 trillion shillings domestically, with an average of Ksh 260 billion annually.
- In the last 19 years (1999-2018), Kenya has been borrowing an average of 120 billion annually.
- The increased domestic borrowing by the Government crowds out the private sector from borrowing in the local market.