The Parliamentary Budget Office (PBO) has revealed that the State will spend Sh2.26 billion to meet interest payments for a debt guarantee for the airline.
This is in addition to the Sh36.6 billion the government has allocated to bail out the airline in fiscal 2022/23 from July, bringing to Sh38.68 billion the total amount taxpayers will shoulder to rescue KQ.
Taxpayers will foot a Sh38.86 billion bill in the financial year starting July 1 to keep cash-strapped Kenya Airways in the skies and clear its due interest payments on State-guaranteed loans.
The Parliamentary Budget Office (PBO) has revealed that the State will spend Sh2.26 billion to meet interest payments for a debt guarantee for the airline.
