GOVERNMENT has spent K10.1 billion on debt service in the last five months from January to May 2021, representing 20.2 percent of the total expenditure. According to a Treasury Brief, Friday, Secretary to the Treasury Fredson Yamba disclosed that government’s debt servicing remained elevated with a total of K10.1 billion paid out from a total amount of K49.7 billion released to finance public service delivery during the five-month period from January-May, 2021. “At K10.1 billion, debt service accounted for 20.2 percent of total expenditure for the period under review. Domestic debt service payments totalled K8.0 billion. This included principal repayments of K86 million on commercial bank facilities. External debt service amounted to K2.1 billion of which principal repayments amounted to…...
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