Kenya Lawmakers Approve Proposal for Debt Limit of $86 Billion
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Kenyan lawmakers approved a proposal by the Treasury to set the nation’s debt limit at 9 trillion shillings ($86 billion), National Assembly majority leader Aden Duale said Wednesday by phone.
The proposal requires the government to report the East African nation’s level of debt in absolute figures and not as a percentage of the gross domestic product currently. The previous debt limit was set at 50% of GDP.