Sharp Daily
No Result
View All Result
Tuesday, June 3, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Debts Repayment Consumes Half Of Revenue In Three Months Of 2022/2023

Domenic Ntoogo by Domenic Ntoogo
October 17, 2022
in News
Reading Time: 1 min read
The National Treasury

[Photo/Courtesy]

Debt repayments have consumed more than half of the total revenue collected in the first three months of the 2022/2023 fiscal year, according to treasury documents.

According to the National Treasury documents detailing the collected revenues and their respective spending, Ksh.465.2 billion was collected in the months of July, August and September.

Ksh.237 billion was then used in debt repayment, a percentage of 50.9% spent by the country in meeting its debt obligations.

Read: NMS Hands Over Ksh100 Billion Debt To Sakaja Administration

RELATEDPOSTS

Best investments for Kenyan seniors: Secure, predictable & low-risk

May 30, 2025

Why June is the Secret Sweet Spot for Travel

May 30, 2025

However, in a similar period in the 2021/2022 fiscal year, debt repayment accounted for 57.3 percent of the total revenue collected, signaling a significant improvement. The disbursements of debt repayment were Ksh.238.9 billion out of the total collected amount of Ksh.416.8 billion.

Apart from the revenues collected from taxes, more government borrowing has taken place within the period to suffice other demands, with the treasury borrowing Ksh.86.2 billion in external loans and grants and Ksh.95.7 billion from domestic lenders.

The huge chunk of the national revenue consumed by debts has been a concern among Kenyans, which has seriously burdened national expenditure. As such, most of the funds that would have otherwise been used in development have been channeled toward servicing debts.

Email your news TIPS to editor@thesharpdaily.com

 

Previous Post

Government Issues Fresh Directives For New-generation Passports

Next Post

DP Gachagua Rewards Lady Who Coined ‘Riggy G’ Moniker

Domenic Ntoogo

Domenic Ntoogo

Related Posts

News

Co-op Bank posts KES 6.9 billion profit in Q1’2025

May 16, 2025
Agriculture And Economy
News

Lets get Kenya out of FATF list

May 9, 2025
News

The downside of Impact Investing

May 2, 2025
News

Leadership challenges at the University of Nairobi

April 24, 2025
News

Easter eggs and earnings: Growing your nest egg with CMMF

April 16, 2025
News

Geoffrey Ruku declares KES 377M net worth during CS vetting

April 15, 2025

LATEST STORIES

Best investments for Kenyan seniors: Secure, predictable & low-risk

May 30, 2025

Why June is the Secret Sweet Spot for Travel

May 30, 2025

Strategies to elevate more women to corporate leadership

May 30, 2025

Tap on Kenya’s 2025 tech revolution

May 30, 2025

How CURBS supports employers and employees

May 30, 2025

NSE deserves more attention from young investors

May 29, 2025

The silent strain of remote work on Kenya’s urban workforce

May 29, 2025

How Kenya’s crypto bill could reshape the digital economy

May 29, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024