Taxpayers incurred an extra Sh89.4 billion in interest payments on the government's domestic debt in the year ending June 2024.
This increase is attributed to elevated interest rates on debt securities and a rise in local borrowing for budgetary needs during this period.
Domestic debt refers to the money that a country owes to lenders within its borders.
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Interest payments increased by Sh89.4 billion to Sh622.54 billion in 2023/24.
