Category: Sh89bn
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Interest paid on domestic loans up Sh89bn on higher rates, borrowing
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Taxpayers paid an additional Sh89.4 billion in interest payments on the government’s domestic debt in the year to June 2024, reflecting higher interest rates on debt securities and increased domestic borrowing for budget purposes in the period. National Treasury disclosures show that interest payments rose to Sh622.5 billion from Sh533.1…