The Cost of Servicing Loan
Assume you're the President of Kenya
You get into office, and the Treasury offers you the country's financial obligations...
Be Realistic and Act Presidential. What will you do?
REVENUE Streams :
A. Debts
B. Taxes
C. (Austerity Measures)
D. Default
Assume you're the President of Kenya
You get into office, and the Treasury offers you the country's financial obligations...
Be Realistic and Act Presidential. What will you do?
REVENUE Streams :
A. Debts
B. Taxes
C. (Austerity Measures)
D. Default
Debt Service:
Total:
June 2022: Ksh 917,778 million
June 2023: Ksh 1,201,033 M (30.9% increase)
External Debt Service:
June 2022: Ksh 305,665 M
June 2023: Ksh 403,962 M (32.2% increase)
Domestic Debt Service:
June 2022: Ksh 612,112 M
June 2023: Ksh 797,071 M (30.2% increase)
Total:
June 2022: Ksh 917,778 million
June 2023: Ksh 1,201,033 M (30.9% increase)
External Debt Service:
June 2022: Ksh 305,665 M
June 2023: Ksh 403,962 M (32.2% increase)
Domestic Debt Service:
June 2022: Ksh 612,112 M
June 2023: Ksh 797,071 M (30.2% increase)
Debt Service Costs (2013 - 22):
Total Debt: Incr from Ksh 145,288 million to Ksh 917,777 in 2022
External: Incr x8 from Ksh 35,044 to Ksh 305,665
Domestic: Incr x4 from Ksh 110,184 to Ksh 612,112
#RejectFinanceBill @Kimuzi_ @Josh001J @Honeyfarsafi
Total Debt: Incr from Ksh 145,288 million to Ksh 917,777 in 2022
External: Incr x8 from Ksh 35,044 to Ksh 305,665
Domestic: Incr x4 from Ksh 110,184 to Ksh 612,112
#RejectFinanceBill @Kimuzi_ @Josh001J @Honeyfarsafi
2013-17: Focused on servicing domestic debt.
2018-22: Focused on maintaining the external debt servicing to nearly a third of total servicing costs, with a peak of 43.3% in 2019.
2018-22: Focused on maintaining the external debt servicing to nearly a third of total servicing costs, with a peak of 43.3% in 2019.
Debt Servicing Costs (2013-17)
Cumulative Domestic: Ksh 1.22 Trillion
Cumulative External: Ksh 364.2 Billion
Cumulative Total Debt: 1.6 Trillion
Avg Annual Domestic: Ksh 244.9 Billion
Avg Annual External: Ksh 72.84 Billion
Avg Annual Total Debt: Ksh 317.8 Billion
#RutoMustGo
Cumulative Domestic: Ksh 1.22 Trillion
Cumulative External: Ksh 364.2 Billion
Cumulative Total Debt: 1.6 Trillion
Avg Annual Domestic: Ksh 244.9 Billion
Avg Annual External: Ksh 72.84 Billion
Avg Annual Total Debt: Ksh 317.8 Billion
#RutoMustGo
Debt Servicing Costs (2018-22)
Cumulative Domestic: Ksh 2.4 Trillion
Cumulative External: Ksh 1.4 Trillion
Cumulative Total Debt: 3.8 Trillion
Avg Annual Domestic: 489.1 Billion
Avg Annual External: 270.6 Billion
Avg Annual Total Debt: 759.7 Billion
#RejectFinanceBill2024
Cumulative Domestic: Ksh 2.4 Trillion
Cumulative External: Ksh 1.4 Trillion
Cumulative Total Debt: 3.8 Trillion
Avg Annual Domestic: 489.1 Billion
Avg Annual External: 270.6 Billion
Avg Annual Total Debt: 759.7 Billion
#RejectFinanceBill2024
External Debt Servicing Costs as a % of Total Exports (2013-22)
Incr from 6.6% to a peak of 60.1% in 2019 and stabilized in the mid-30s thereafter.
2013-17 Avg Annual Percentage: 13.06%
2018-22 Avg Annual Percentage: 41.8% (Overreliance on external debt relative to exports)
Incr from 6.6% to a peak of 60.1% in 2019 and stabilized in the mid-30s thereafter.
2013-17 Avg Annual Percentage: 13.06%
2018-22 Avg Annual Percentage: 41.8% (Overreliance on external debt relative to exports)
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