Kenya: Pending Bills Drop By Sh106.6bn As State Moves to Clear Debt

Nairobi — The National Government’s pending bills dropped by Sh106.6 billion to Sh516.27 billion in the full year ending June 30, 2024, partly driven by the recent state’s initiative to clear outstanding debt.

Latest Controller of Budget (CoB) data shows that the country’s debt to various entities and individuals stood at Sh622.82 billion as of June 30, 2023.

The arrears are distributed across various entities, including state corporations, which owe suppliers Sh379.81 billion, followed by…