Shock as it emerges that Treasury CS, ROTICH, has been borrowing 2 billion everyday without our knowledge and now we have to pay

Tuesday April 2, 2019-New details have emerged about how the Government, through the Treasury, has been borrowing up to Ksh2 billion every day without our knowledge.

According to a report released by the Central Bank of Kenya (CBK), Treasury CS, Henry Rotich, has borrowed up to Ksh126.4 billion between January and February this year which averaged at Ksh2.1 billion daily.

Most of the borrowing came from the domestic market.

To date, the total national debt stands at Ksh5.4 trillion with most of the borrowing upped through treasury bonds and bills.

According to Business Daily, the country's domestic debt rose by Ksh142.6 billion to stand at Ksh2.69 trillion while the external debt reduced by Ksh22 billion to Ksh2.7 trillion.

These revelations come roughly a week after a delegation from Kenya went to China to secure another Ksh350 billion for the completion of the ongoing SGR construction.


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