Sauti Ya Bajeti - PFM Truth
February 21, 2025 at 02:15 PM
*Kenya’s Debt Transparency: What You NEED to Know!*
Did you know? Kenya’s public debt is *Ksh 10.6 trillion—that's 65.7% of GDP!* *But how much do we REALLY know about the loans our government takes?*
*The Good News*
* Kenya has strong debt laws, publishes reports, and tracks debt with modern systems.
*The Problem*
* Key debt reports are often delayed or missing.
* Details of major loans remain hidden.
* Parliament doesn’t approve individual loan contracts—billions can be borrowed with zero oversight.
*What’s the fix?*
* Mandatory parliamentary approval for loans above Ksh 1B.
* More timely & accessible reports in machine-readable formats.
* Full disclosure of loan details—so taxpayers know what they’re paying for!
For more details, read the full report here:https://ipfglobal.or.ke/wp-content/uploads/2025/01/State-of-Debt-Transparency-in-Kenya-FINAL-.pdf
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