Data from the Controller of Budget shows that State-guaranteed debt hit Sh183.08 billion in December last year.
More than half of this debt was borrowed by Kenya Airways, which is currently creaking under a heavy debt load.
The value of debt taken by State corporations, but will be repaid by taxpayers in case they default, increased by 7.5 per cent in the six months to December 2023 driven by depreciation of the Kenyan shilling against the US dollar.
Data from the Controller of Budget (CoB) shows that State-guaranteed debt hit Sh183.08 billion in December last year. This is an increase of Sh12.85 billion from June 2023.
