Kenya’s domestic debt stock stood at Sh6,326.0 billion (Sh6.326 trillion) as of end June 2025, according to the latest Treasury Annual Public Debt Report.
The figure reflects a significant increase from the previous year as the government continued to rely on local markets to finance its budget deficit.
Growth in domestic borrowing was driven by higher issuances of both Treasury bonds and Treasury bills, which rose sharply over the 12-month period.
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The shift underscores Nairobi’s increased recourse to local lenders amid constrained external financing. The report was released by the National Treasury & Economic Planning
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