OmarosaOmarosa
No Result
View All Result
  • News
  • TV
  • Radio
  • World
  • USA
  • Business
  • Tech
  • Fashion
  • Travel
  • Health
  • Sports
  • AI
  • Autos
  • Lifestyle
OmarosaOmarosa
No Result
View All Result
  • News
  • TV
  • Radio
  • World
  • USA
  • Business
  • Tech
  • Fashion
  • Travel
  • Health
  • Sports
  • AI
  • Autos
  • Lifestyle

Home » Trends of Public Debt in Kenya

Trends of Public Debt in Kenya

by Nyongesa Sande
10 months ago
in Kenya
Trends of Public Debt in Kenya
Share on FacebookShare on Twitter

Kenya’s public debt has experienced significant growth over the past decade, influenced by various economic and policy factors.

Historical Trends:

  • 2012: Public debt stood at approximately 38.2% of GDP.
  • 2018/19: The debt-to-GDP ratio increased to 62.0%.
  • 2022/23: The ratio further rose to 70.8%. treasury.go.ke
  • 2023: The debt-to-GDP ratio was recorded at 70.10%. tradingeconomics.com

Recent Developments:

  • June 2024: Total public debt reached Kshs 10.6 trillion, equating to 70.0% of GDP. cytonn.com
  • 2023/2024 Fiscal Year: The debt-to-GDP ratio decreased to 65.7% from 72.0% in June 2023, attributed to the appreciation of the Kenyan Shilling against major foreign currencies. treasury.go.ke

Debt Composition:

  • External Debt: As of March 2024, external debt stood at Kshs 5.2 trillion, a 5.2% reduction from June 2023, primarily due to early partial repayment of a USD 2.0 billion Eurobond in February 2024. cytonn.com
  • Domestic Debt: In December 2021, domestic debt was Kshs 4.03 trillion, while external debt was Kshs 4.17 trillion, totaling Kshs 8.21 trillion. centralbank.go.ke

Debt Sustainability:

Despite the rising debt levels, the National Treasury maintains that Kenya’s public debt remains sustainable, though it acknowledges the need for continued fiscal consolidation to manage potential risks.

parliament.go.ke

In January 2025, Moody’s revised Kenya’s credit outlook from “negative” to “positive,” citing potential easing of liquidity risks and improving debt affordability.

reuters.com

Future Projections:

The finance ministry projects a narrowing budget deficit, expecting it to decrease to 4.3% of GDP in the 2025/26 fiscal year from 4.9% in 2024/25.

reuters.com

Efforts to manage and reduce public debt include fiscal consolidation measures, diversifying funding sources, and enhancing revenue collection to ensure long-term debt sustainability.

The tables below shows the trends of public debt in Kenya, including both domestic and external debt.

N.B. Figures are in millions of Kenya Shillings. For example, 11,240,409.47 in full is 11,240,409,470,000.

YearMonthDomestic DebtExternal DebtTotal
2024June5,410,300.0005,150,839.74910,561,139.75
2024May5,319,887.4585,118,306.59510,438,194.05
2024April5,323,712.7795,198,811.98810,522,524.77
2024March5,235,188.415,163,423.3410,398,611.75
2024February5,200,211.0695,200,211.06910,854,105.08
2024January5,050,442.0036,189,967.46711,240,409.47
2023December5,050,108.5396,089,584.98311,139,693.52
2023November4,990,750.7315,896,502.3210,887,253.05
2023October4,913,029.4444,913,029.44410,659,345.95
2023September4,914,606.1685,667,798.52810,582,404.70
2023August4,912,338.9285,614,091.02410,526,429.95
2023July4,873,527.3125,542,638.32110,416,165.63
2023June4,832,112.065,446,560.93510,278,672.99
2023May4,549,646.5315,137,162.5859,686,809.116
2023April4,542,350.5425,092,502.5839,634,853.125
2023March4,539,592.174,851,094.809,390,686.97
2023February4,551,561.274,709,715.169,261,276.43
2023January4,501,714.134,681,115.489,182,829.61
2022December4,472,838.524,673,144.139,145,982.65
2022November4,435,937.164,462,891.068,898,828.22
2022October4,386,094.344,359,569.498,745,663.83
2022September4,366,278.694,334,790.828,701,069.51
2022August4,335,273.444,327,930.658,663,204.08
2022July4,310,691.544,299,821.208,610,512.74
2022June4,288,332.964,290,775.578,579,108.53
2022May4,268,656.814,295,102.468,563,759.27
2022April4,226,843.404,243,534.448,470,377.84
2022March4,191,771.004,209,560.228,401,331.22
2022February4,181,420.484,157,763.288,339,183.76
2022January4,110,120.514,155,788.448,265,908.95
2021December4,032,368.184,174,371.538,206,739.71
2021November4,008,077.304,109,282.858,117,360.15
2021October3,959,523.304,083,124.548,042,647.84
2021September3,937,777.454,062,504.788,000,282.23
2021August3,864,875.784,054,862.857,919,738.63
2021July3,792,146.894,020,629.307,812,776.19
2021June3,697,093.184,015,299.387,712,392.57
2021May3,686,891.723,799,018.817,485,910.53
2021April3,632,914.803,778,131.447,411,046.24
2021March3,569,840.573,769,866.747,339,707.31
2021February3,531,182.933,814,288.777,345,471.70
2021January3,532,561.523,819,699.667,352,261.18
2020December3,488,541.183,793,285.247,281,826.42
2020November3,482,653.563,771,808.477,254,462.03
2020October3,457,644.633,705,644.247,163,288.87
2020September3,457,106.503,663,491.227,120,597.72
2020August3,402,500.733,666,321.297,068,822.02
2020July3,273,551.443,638,506.496,912,057.93
2020June3,178,421.283,515,810.786,694,232.06
2020May3,153,143.943,496,428.846,649,572.77
2020April3,119,415.803,317,330.986,436,746.77
2020March3,070,189.383,212,634.236,282,823.61
2020February3,040,964.553,117,038.576,158,003.12
2020January3,003,700.303,112,897.956,116,598.25
2019December2,942,103.543,106,822.966,048,926.50
2019November2,917,362.293,114,959.696,032,321.98
2019October2,897,141.363,127,601.266,024,742.62
2019September2,851,639.213,111,767.285,963,406.49
2019August2,875,502.653,133,543.346,009,045.99
2019July2,843,666.893,160,057.466,003,724.35
2019June2,785,483.133,023,139.475,808,622.60
2019May2,772,613.712,834,844.045,607,457.75
2019April2,740,905.642,842,481.025,583,386.66
2019March2,702,933.272,721,597.465,424,530.74
2019February2,690,972.032,707,287.175,398,259.20
2019January2,604,189.402,729,478.575,333,667.97
2018December2,548,768.782,723,734.275,272,503.04
2018November2,563,418.632,709,008.395,272,427.03
2018October2,535,751.892,654,689.445,190,441.33
2018September2,540,833.742,605,334.585,146,168.32
2018August2,493,706.782,611,403.105,105,109.88
2018July2,513,046.502,601,071.155,114,117.65
2018June2,478,835.092,560,199.435,039,034.52
2018May2,447,575.212,573,126.245,020,701.44
2018April2,415,234.642,562,178.534,977,413.17
2018March2,371,650.532,512,430.944,884,081.46
2018February2,338,213.712,563,074.054,901,287.76
2018January2,247,295.022,377,522.474,624,817.49
2017December2,220,345.352,349,284.444,569,629.79
2017November2,228,429.022,357,226.484,585,655.50
2017October2,188,509.462,353,124.934,541,634.39
2017September2,172,835.152,310,198.994,483,034.13
2017August2,135,933.942,309,775.394,445,709.33
2017July2,123,788.592,305,538.334,429,326.92
2017June2,111,710.442,294,735.884,406,446.32
2017May2,045,471.632,187,224.334,232,695.96
2017April1,979,865.652,167,254.834,147,120.48
2017March1,945,253.272,159,068.944,104,322.21
2017February1,901,820.241,993,173.803,894,994.04
2017January1,894,094.991,992,795.153,886,890.14
2016December1,930,855.011,896,443.053,827,298.06
2016November1,918,656.991,834,914.333,753,571.32
2016October1,872,102.821,844,474.963,716,577.78
2016September1,854,554.561,849,019.873,703,574.43
2016August1,815,930.731,803,260.483,619,191.22
2016July1,808,641.641,797,696.383,606,338.02
2016June1,815,470.501,803,256.303,618,726.80
2016May1,750,326.781,680,631.833,430,958.61
2016April1,689,039.251,685,269.163,374,308.41
2016March1,646,527.481,665,578.043,312,105.52
2016February1,605,227.981,646,555.213,251,783.19
2016January1,522,769.881,654,744.493,177,514.38
2015December1,540,579.131,615,184.203,155,763.33
2015November1,516,373.471,562,515.563,078,889.04
2015October1,454,245.391,490,713.762,944,959.15
2015September1,388,262.311,550,232.742,938,495.05
2015August1,403,100.201,530,678.612,933,778.82
2015July1,418,568.231,473,143.702,891,711.93
2015June1,420,444.381,408,613.592,829,057.97
2015May1,407,811.191,381,156.982,788,968.18
2015April1,415,431.511,326,835.192,742,266.71
2015March1,397,125.721,278,107.872,675,233.59
2015February1,353,302.651,296,748.462,650,051.11
2015January1,334,642.801,163,350.792,497,993.59
2014December1,307,748.711,170,696.282,478,444.99
2014November1,303,363.311,088,951.542,392,314.85
2014October1,254,913.421,088,832.152,343,745.57
2014September1,260,874.561,087,827.672,348,702.23
2014August1,281,093.661,090,984.322,372,077.98
2014July1,296,444.731,089,655.772,386,100.50
2014June1,284,327.251,085,928.572,370,255.82
2014May1,232,041.55957,893.232,189,934.78
2014April1,216,759.23950,981.152,167,740.39
2014March1,231,183.10940,402.992,171,586.09
2014February1,229,416.28937,328.352,166,744.63
2014January1,200,901.86920,500.712,121,402.56
2013December1,189,182.59922,369.152,111,551.74
2013November1,170,053.22912,234.312,082,287.54
2013October1,174,782.27887,991.232,062,773.50
2013September1,168,115.36889,313.512,057,428.87
2013August1,116,676.22887,560.002,004,236.22
2013July1,078,604.00875,230.001,953,834.00
2013June1,050,628.57843,562.271,894,190.84
2013May1,074,797.69832,238.141,907,035.82
2013April1,065,609.39816,796.561,882,405.95
2013March981,910.93812,700.171,794,611.10
2013February943,750.18826,267.681,770,017.86
2013January978,335.91833,609.461,811,945.37
2012December971,265.44821,972.821,793,238.26
2012November958,438.68824,583.121,783,021.80
2012October929,321.62812,307.841,741,629.46
2012September922,196.19802,457.331,724,653.52
2012August901,934.27771,760.001,673,694.27
2012July872,160.52767,390.001,639,550.52
2012June858,829.55774,550.001,633,379.55
2012May889,056.81721,040.001,610,096.81
2012April896,036.72700,900.001,596,936.72
2012March887,871.40676,330.001,564,201.40
2012February877,292.72663,050.001,540,342.72
2012January809,278.11686,718.481,495,996.59
2011December799,880.06685,607.921,485,487.98
2011November803,894.34728,645.251,532,539.59
2011October794,565.56810,011.601,604,577.16
2011September764,274.59799,834.031,564,108.62
2011August776,852.60768,510.851,545,363.45
2011July781,713.03744,486.601,526,199.63
2011June764,222.80722,888.311,487,111.11
2011May746,574.73675,887.121,422,461.85
2011April735,460.06652,675.731,388,135.79
2011March754,048.10642,847.921,396,896.02
2011February746,670.28630,400.031,377,070.31
2011January730,197.77615,604.981,345,802.75
2010December720,207.97599,930.461,320,138.43
2010November711,448.98599,251.461,310,700.44
2010October696,132.65598,080.461,294,213.11
2010September704,702.77594,223.001,298,925.77
2010August698,047.35566,166.881,264,214.23
2010July667,803.42562,941.951,230,745.37
2010June660,267.68565,452.001,225,719.68
2010May650,261.96541,976.711,192,238.67
2010April653,614.42537,424.841,191,039.26
2010March639,116.32538,157.991,177,274.31
2010February607,512.61525,369.181,132,881.79
2010January580,721.47525,552.751,106,274.22
2009December588,970.31588,970.311,177,940.63
2009November562,926.79521,232.481,084,159.26
2009October567,125.13523,899.661,091,024.79
2009September550,613.80524,982.601,075,596.40
2009August547,182.36530,075.391,077,257.75
2009July530,400.97532,144.511,062,545.48
2009June518,346.15535,143.701,053,489.84
2009May489,234.39517,929.101,007,163.49
2009April497,450.16511,981.591,009,431.75
2009March474,749.81513,623.00988,372.81
2009February478,896.43514,635.34993,531.77
2009January454,266.44512,475.65966,742.10
2008December456,227.91516,671.33972,899.25
2008November451,392.10450,248.35901,640.45
2008October454,685.97434,487.59889,173.56
2008September449,333.84432,954.02882,287.86
2008August433,489.36433,670.73867,160.09
2008July428,148.13432,808.95860,957.07
2008June430,611.73439,967.00870,578.73
2008May442,684.75429,644.66872,329.41
2008April437,870.94425,992.78863,863.72
2008March444,736.37425,086.89869,823.26
2008February434,621.39425,976.18860,597.57
2008January432,183.90424,205.02856,388.92
2007December438,059.11406,923.00844,982.11
2007November426,062.44424,243.21850,305.66
2007October418,488.14419,738.84838,226.99
2007September426,821.36408,680.79835,502.14
2007August415,915.04409,066.12824,981.16
2007July410,229.01410,512.75820,741.77
2007June404,690.11396,564.00801,254.11
2007May390,795.61419,743.45810,539.06
2007April390,491.89420,265.23810,757.12
2007March386,287.74409,055.74795,343.48
2007February385,824.93416,510.41802,335.34
2007January378,127.61417,467.73795,595.34
2006December385,121.22407,742.55792,863.77
2006November381,034.85424,933.07805,967.92
2006October375,524.02424,414.09799,938.11
2006September371,591.47422,647.93794,239.41
2006August367,963.31431,095.63799,058.94
2006July364,835.71430,667.84795,503.56
2006June357,838.95431,236.83789,075.78
2006May349,489.93406,493.69755,983.63
2006April348,220.36406,531.77754,752.13
2006March346,064.04407,003.71753,067.75
2006February338,613.23407,132.44745,745.67
2006January333,950.84407,544.63741,495.47
2005December335,001.89408,601.92743,603.81
2005November333,501.48417,897.89751,399.38
2005October332,725.65418,417.49751,143.14
2005September328,799.98418,860.33747,660.31
2005August325,380.53434,850.69760,231.23
2005July324,027.42435,399.90759,427.32
2005June315,572.50433,975.65749,548.15
2005May304,975.65423,476.45728,452.10
2005April307,160.62424,345.69731,506.31
2005March296,330.22424,857.08721,187.30
2005February292,227.33445,544.58737,771.91
2005January291,222.66446,226.13737,448.80
2004December295,374.44439,992.95735,367.39
2004November302,543.91454,664.42757,208.33
2004October301,541.30454,539.95756,081.25
2004September299,745.58454,438.56754,184.14
2004August301,678.34444,460.66746,138.99
2004July303,462.12444,611.00748,073.12
2004June306,234.66443,157.43749,392.09
2004May299,347.29408,547.54707,894.83
2004April301,177.37409,950.33711,127.70
2004March302,023.58412,036.08714,059.66
2004February300,907.92407,417.62708,325.54
2004January299,701.26409,158.26708,859.52
2003December301,190.58410,149.00711,339.58
2003November303,548.41406,592.25710,140.65
2003October301,918.96409,359.85711,278.82
2003September303,252.05411,067.00714,319.05
2003August295,494.51397,991.28693,485.79
2003July292,277.47398,532.85690,810.32
2003June289,376.97407,053.00696,429.97
2003May280,928.98361,731.20642,660.18
2003April276,083.44363,605.43639,688.88
2003March270,716.28364,904.26635,620.54
2003February264,193.21367,469.40631,662.61
2003January263,986.33369,051.09633,037.42
2002December259,828.23369,729.83629,558.06
2002November255,192.66371,334.71626,527.37
2002October251,196.67373,140.09624,336.76
2002September250,808.60375,034.19625,842.79
2002August247,168.98376,868.51624,037.49
2002July242,102.05376,712.94618,814.99
2002June235,991.00377,748.00613,739.00
2002May231,773.00378,594.34610,367.34
2002April233,149.00378,475.98611,624.98
2002March229,167.00380,169.06609,336.06
2002February227,581.00381,497.47609,078.47
2002January222,711.00382,302.84605,013.84
2001December221,984.00384,302.58606,286.58
2001November217,524.00386,971.92604,495.92
2001October225,952.00389,276.05615,228.05
2001September219,165.00392,052.74611,217.74
2001August214,767.00392,335.83607,102.83
2001July205,012.00393,491.36598,503.36
2001June211,812.60393,978.00605,790.60
2001May202,880.88408,100.64610,981.52
2001April210,581.44402,308.31612,889.75
2001March200,622.58403,373.54603,996.12
2001February199,537.27402,555.40602,092.67
2001January193,332.95403,645.68596,978.63
2000December192,665.30405,355.31598,020.61
2000November195,906.00400,714.45596,620.45
2000October195,564.00400,203.03595,767.03
2000September195,520.00399,798.72595,318.72
2000August196,584.00395,710.06592,294.06
2000July202,362.00394,667.37597,029.37
2000June206,127.00395,694.00601,821.00
2000March201,463.22396,800.00598,263.22
1999December190,300.00311,953.00502,253.00
1999September183,417.00320,137.00503,554.00

Source: Central Bank of Kenya

Related Posts

2025 Nairobi Stock Market Predictions & Risks
Capital Markets

2025 Nairobi Stock Market Predictions & Risks

November 22, 2025
NSE Dividend and Earnings Boom Driving Recovery
Investment

NSE Dividend and Earnings Boom Driving Recovery

November 22, 2025
Nairobi Bourse Volatility and Market Turnover Trends
Capital Markets

Nairobi Bourse Volatility and Market Turnover Trends

November 22, 2025
Nairobi Securities Exchange Rally Pushes KSh 3 Trillion
Capital Markets

Nairobi Securities Exchange Rally Pushes KSh 3 Trillion

November 22, 2025
Kenya Digital Transition Reforms 2025 Economic Outlook
Kenya

Kenya Digital Transition Reforms 2025 Economic Outlook

November 21, 2025
KRA Advance Pricing Agreement Guide for 2025
Kenya

KRA Advance Pricing Agreement Guide for 2025

November 21, 2025
Kenya SEZ Tax Incentives Expansion
Kenya

Kenya SEZ Tax Incentives Expansion

November 21, 2025
Sifuna Presidential Viability in Kenya’s 2027 Race
Kenya

Sifuna Presidential Viability in Kenya’s 2027 Race

November 20, 2025
Load More
  • About
  • Privacy
  • Terms
  • We Are Hiring
  • DMCA
  • Contact Us
  • AdChoices
An Omarosa Inc. Company

© 2025 OmarosaOmarosa.

No Result
View All Result
  • News
  • TV
  • Radio
  • World
  • USA
  • Business
  • Tech
  • Fashion
  • Travel
  • Health
  • Sports
  • AI
  • Autos
  • Lifestyle

© 2025 OmarosaOmarosa.