MPs raise alarm over Ksh533.7B domestic debt interest as treasury reveals half of KRA revenue goes to debt

Kenya’s growing public debt burden has come under renewed scrutiny after the National Assembly’s Public Accounts Committee (PAC) questioned the National Treasury over billions of shillings spent on domestic debt interest during the 2023/2024 financial year.The committee raised concerns over the reported Ksh533.7 billion paid in interest on domestic borrowing, as Principal Secretary Chris Kiptoo told lawmakers that half of every shilling collected by the Kenya Revenue Authority (KRA) goes towards servicing debt interest.