{
  "id": 8275535,
  "title": "Government domestic debt rises to Ksh7.73 trillion",
  "url": "https://urgent.news/2026/09/18/government-domestic-debt-rises-to-ksh7-73-trillion",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-18T16:31:57.000Z",
  "source": {
    "name": "People Daily Kenya",
    "slug": "people-daily-kenya",
    "url": "https://peopledaily.digital/business/government-domestic-debt-rises-to-ksh7-73-trillion"
  },
  "original_language": "en",
  "account": "Kenya's national debt reached Ksh7.726 trillion by September 11, 2026, an increase from Ksh7.668 trillion the previous week, as the government continued to raise capital through the domestic securities market. The Central Bank of Kenya (CBK) reported that Treasury bonds made up the majority of the debt at Ksh6.415 trillion, accounting for 83.02% of the total. The government's overdraft stood at Ksh13.91 billion, while Treasury bills totaled Ksh1.198 trillion. Other domestic debt amounted to Ksh100.25 billion. Investors showed strong demand for government securities, with bids for September 17's Treasury bill auction exceeding expectations at Ksh42.7 billion against an advertised Ksh28 billion, resulting in a performance rate of 152.6%. The 182-day and 364-day Treasury bill rates declined during the period, while the 91-day paper rate slightly increased. The government also saw significant interest in longer-term debt, with re-opened 20-year and 30-year Treasury bonds receiving Ksh81.4 billion in bids against a target of Ksh60 billion, leading to a performance rate of 135.7%. Financial corporations held nearly 80% of government securities, with commercial banks accounting for 34.4% and pension funds and insurance companies contributing significant shares. The CBK bulletin highlighted that government securities continue to constitute the bulk of the domestic debt stock, with Treasury bonds making up more than four-fifths of the total. Remittance inflows increased by 6% year-on-year to Ksh58.6 billion in August 2026, providing a crucial source of foreign exchange. However, cumulative remittances for the 12 months to August decreased to about Ksh649.8 billion, down from approximately Ksh658.4 billion in the same period the previous year. The government remains reliant on domestic securities to meet its budget requirements, with the CBK regularly publishing data on government domestic debt.",
  "summary": "Kenya’s gross domestic debt rose to Ksh7.726 trillion by September 11, 2026, up from Ksh7.668 trillion a week earlier, as the government continued to raise funds through the domestic securities market. The latest Central Bank of Kenya (CBK) Weekly Bulletin dated September 18, 2026, shows Treasury bonds accounted for the largest share of the debt […]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}