The Tax Revenue That Kenya Spends on Interest Is Surging

The Tax Revenue That Kenya Spends on Interest Is Surging

(Bloomberg) -- Kenya’s debt has climbed to 62% of gross domestic product, spurring concern from the International Monetary Fund and the World Bank. That pushed the country into spending 53% of tax revenue on debt repayments in the first half of the financial year, the biggest first-half burden since at least 2009.

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