Latest exchequer statistics indicate the Treasury has now taken up 77.8 percent of its full year net domestic borrowing target of Sh391.45 billion. Ideally, the prorated target for borrowing after seven months would be 58.3 percent or Sh273 billion.

That leaves the Central Bank of Kenya (CBK), the government’s fiscal agent, with limited room to take in a maximum of Sh86.66 billion for the remainder five months from February under the gazetted domestic borrowing target.