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"content": "Mr. Speaker, Sir, the 2022 Medium Term Debt Management Strategy (MTDMS) aims at minimizing costs and risks of public debt through a net financing mix of 32 per cent from external sources and 68 per cent from domestic markets. The nominal stock of public debts was Kshs.7.7 billion as at end of June 2021. This is equivalent to 68.1per cent of GDP and 86 per cent of the statutory debt ceiling of Kshs9 trillion. Mr. Speaker, Sir, as at the end of June 2021, the outstanding guaranteed debts to State enterprises amounted to Kshs157.2 billion. These enterprises include the moribund Kenya Power Company which has an outstanding debt of Kshs11.779 billion, Kenya Electricity Generating Company (KENGEN) Kshs26.5billion, Kenya Ports Authority (KPA) Kshs37.9 billion and the pride of Africa, Kenya Airways (KQ) Kshs80.9 or 81billion"
}