In an effort to increase transparency and improve debt management, the Kenyan government is creating a new digital platform to centralize public debt data.
The National Treasury said the Public Debt Data Warehouse will consolidate debt information from multiple systems into a secure, centralized platform.
“Once operational, the system will streamline debt data management by reducing manual processes, eliminating duplication, minimizing errors, and improving the speed, accuracy, and reliability of public debt reporting,” the Treasury said after Principal Secretary Dr. Chris Kiptoo received a progress update from the Public Debt Data Warehouse Implementation Committee.
“The initiative will also strengthen transparency and support more effective public debt management.”
The announcement was made a few days after Controller of Budget Margaret Nyakang’o issued a warning about the government’s ongoing borrowing without a debt ceiling, claiming that it was reducing resources available for development and exposing the nation to growing domestic and foreign debt.
Appearing before the National Assembly’s Public Petitions Committee on Tuesday, Nyakang’o said Kenya’s total public debt had risen to nearly Sh13 trillion.
