A new report from the Central Bank of Kenya has revealed that the country's debt has risen to Sh3.6 trillion at 30.63 % from last year's 2.83 trillion.

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The debt is courtesy of external debt which stands at Sh1.803 trillion while Sh1.815 trillion accounts for the internal borrowing.

This translates that 55% of the country's wealth is on loan.at the same time checking on the expenditure.

During the current financial year, the government plans to borrow Sh450 billion externally while Sh225 billion  from domestic lenders.

Various stakeholders in the financial sector have been urging the government to tame ambitious budgets that is threatening the future of the country.