Kenya spends more on debt than development

Kenya spent 41 billion Ksh more on debts than its total expenditure on development, an official data shows, highlighting the dangers of high borrowing.

The data published by the Treasury shows that the country spent 435.7 billion to settle debts in the 2016/17 financial year.

The expenditure on debt is also higher than the 284.7 billion that the Treasury released to the 47 counties to cover both their current and development expenditures.