The outstanding gross domestic debt has increased by Sh178.
The new total cumulative domestic debt now stands at Sh2.706 trillion, about the same level with external debt that was last recorded at Sh2.707 trillion at the end of February.
External debt has been consistently higher than the domestic variety since 2017 thanks largely to the huge amount incurred by the standard gauge railway, but the gap is closing fast.
Genghis Capital research analyst Gerald Muriuki said that domestic debt would have been even larger had the Treasury been able to borrow the entire targeted amount by the end of March.
The fastest rising type of domestic debt is that generated through Treasury bonds followed by T-bills.
As at April 5, the outstanding debt resulting from T-bonds stood at Sh1.686 trillion compared to Sh1.546 trillion as at December 28 last year.
The government has had a long-standing intention to keep outstanding amount of debt in the form of T-bills at no more than 30 percent of the total debt.
https://www.businessdailyafrica.com/markets/marketnews/Domestic-debt-rises-Sh179bn/3815534-5076552-9uww1d/index.html
The new total cumulative domestic debt now stands at Sh2.706 trillion, about the same level with external debt that was last recorded at Sh2.707 trillion at the end of February.
External debt has been consistently higher than the domestic variety since 2017 thanks largely to the huge amount incurred by the standard gauge railway, but the gap is closing fast.
Genghis Capital research analyst Gerald Muriuki said that domestic debt would have been even larger had the Treasury been able to borrow the entire targeted amount by the end of March.
The fastest rising type of domestic debt is that generated through Treasury bonds followed by T-bills.
As at April 5, the outstanding debt resulting from T-bonds stood at Sh1.686 trillion compared to Sh1.546 trillion as at December 28 last year.
The government has had a long-standing intention to keep outstanding amount of debt in the form of T-bills at no more than 30 percent of the total debt.
https://www.businessdailyafrica.com/markets/marketnews/Domestic-debt-rises-Sh179bn/3815534-5076552-9uww1d/index.html
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