Trends in the Kenya’s Total Domestic Public Debt Stock, nominal prices, (1999 – 2018)
|Post Date: 02 May 2019 | Category: Debt | Hits: 623|
Apart from the external sources, the government also borrows from the domestic market. This is done mainly through issuance of the treasury bonds and treasury bills. The issuance of the government securities by Central Bank of Kenya is done with an objective of achieving and maintaining price stability.
This blog aims at examining the trend in Kenya’s total borrowing from the domestic market from 1999 to 2018, this is represented in the chart below:-
Source: Central Bank of Kenya
Number of the week: Ksh 270 billion
- Over the period, there has been a general increase in the total domestic debt stock
- Over the last decade, 2008 – 2018, the total domestic debt has increased five fold, from Ksh 0.5 trillion to Ksh 2.5 trillion.
- From 2013 to 2018 the total domestic debt stock more than doubled, increasing from Ksh 1.2 trillion to Ksh 2.5 trillion thus representing an annual average increase by Ksh 270 billion.