Kenya's Debt to Dip Below 70% for First Time in Years

Kenya's national debt is projected to finally start falling relative to the size of its economy, according to a key government draft plan. The 2026 Budget Policy Statement forecasts the debt-to-GDP ratio will drop to 60.6 percent by 2030. This metric compares what a country owes to its total economic output. The expected decline marks a shift. Kenya's debt ratio has been above 70 percent in recent years, raising concerns about repayment costs. The government plan suggests a period of debt reduction is now within sight. Achieving this target will depend on sustained economic growth and careful budget management.