This jubilee government has choked us with debt. These people have taken debts that have now reached four trillion.” - Mr Musalia Mudavadi during a rally in Kilifi on June 8, 2017

The national public debt in February 2017 more than doubled to Sh3.9 trillion from Sh1.54 trillion in February 2012, according to data from the Central Bank of Kenya.

In other words, the Jubilee government took four years, two months to accumulate more debt than past administrations accumulated in nearly 50 years.

The upsurge in public borrowing has seen the debt burden on each Kenyan more than double over five years, from Sh37,838 to Sh85,900 from 2011 to 2016 a Nation Newsplex review of economic data reveals.

Between February 2016 to February this year alone, the debt increased by 18 per cent from 3.3 trillion to 3.9 trillion.

The upsurge in public borrowing has seen the debt burden on each Kenyan more than double over five years, from Sh37,838 to Sh85,900 from 2011 to 2016 a Nation Newsplex review of economic data reveals.

Kenya’s debt per capita is 59 per cent more than the Sh54,000 average monthly wage in 2016 and 16 times as much as the minimum monthly wage of Sh5,437 for unskilled workers.

More than half (51 per cent) of public debt in 2016, equivalent to Sh2 trillion was borrowed externally while Sh1.9 trillion (49 per cent) was borrowed internally. One in five shillings went towards servicing public debt in the 2016/2017 national budget.

DEBT SERVICE CHARGE

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