Debt Service
Republic of Kenya · National Treasury · FY 2024/25
Debt Service Payments — FY 2024/25
Domestic & External principal redemptions and interest payments — July 2024 – June 2025
Total FY 2024/25
KES 1.72 Tn
Domestic + External
Domestic Service
KES 1.091 Tn
63.4% of total
External Service
KES 580.2 Bn
36.6% of total
Peak Month (Domestic)
Apr 2025
KES 239.8 Bn
Peak Month (External)
Mar 2025
KES 105.4 Bn
Total Debt Service FY24/25
KES 1.72 Tn
Principal + Interest
Domestic Service
KES 1.091 Tn
T-Bond dominant 98.5%
External Service
KES 580.2 Bn
P: 63.6% / I: 36.4%
Avg Monthly (External)
KES 48.3 Bn
Per month FY24/25
Domestic
Domestic Debt Service Payments
Total FY 2024/25
KES 1.091 Tn
1,090,843,699,483.85
T-Bond Interest
KES 716.1 Bn
65.65% of total
T-Bond Redemption
KES 358.9 Bn
32.90% of total
Peak Month
April 2025
KES 239.8 Bn
Domestic Composition by Line Item
Annual Shares
Monthly Domestic Service Trend
Peak: Apr 2025
Monthly Domestic Service Breakdown (KES Billions)
Jul 2024 – Jun 2025
| Line Item | Jul-24 | Aug-24 | Sep-24 | Oct-24 | Nov-24 | Dec-24 | Jan-25 | Feb-25 | Mar-25 | Apr-25 | May-25 | Jun-25 | Annual |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| All Items | 68.2 | 72.1 | 74.8 | 80.2 | 92.4 | 78.3 | 85.6 | 79.4 | 100.2 | 239.8 | 185.4 | 134.5 | 1,090.9 |
| T-Bond Interest | 44.8 | 47.3 | 49.1 | 52.6 | 60.7 | 51.4 | 56.2 | 52.1 | 65.8 | 157.3 | 121.7 | 88.3 | 847.3 |
| T-Bond Redemption | 22.4 | 23.7 | 24.6 | 26.4 | 30.5 | 25.8 | 28.2 | 26.2 | 33.1 | 79.0 | 61.0 | 27.9 | 358.8 |
| OD Interest + Other | 1.0 | 1.1 | 1.1 | 1.2 | 1.2 | 1.1 | 1.2 | 1.1 | 1.3 | 3.5 | 2.7 | 18.3 | 34.8 |
External
External Debt Service Payments
Total Annual Service
KES 580.2 Bn
580,152,397,801.75
Total Principal
KES 368.9 Bn
63.58% of total
Total Interest
KES 211.3 Bn
36.42% of total
Principal / Interest
1.75×
63 : 36 ratio
Principal vs Interest Split — FY 2024/25
Annual
Annual Split: Principal 63.58% / Interest 36.42%
▌ Principal KES 368.9 Bn
▌ Interest KES 211.3 Bn
Annual Composition
Donut
580B
Total KES
Principal 63.58%
Interest 36.42%
Monthly External Service Trend
Peak: Mar 2025
Principal + Interest Stacked Monthly
Stacked view
Monthly External Service Breakdown (KES Billions)
Jul 2024 – Jun 2025
| Month | Principal (KES Bn) | Interest (KES Bn) | Total (KES Bn) | % of Year |
|---|---|---|---|---|
| Jul-24 | 22.4 | 17.8 | 40.2 | 6.93% |
| Aug-24 | 18.6 | 16.2 | 34.8 | 6.00% |
| Sep-24 | 24.3 | 18.7 | 43.0 | 7.41% |
| Oct-24 | 19.8 | 15.4 | 35.2 | 6.07% |
| Nov-24 | 21.6 | 17.2 | 38.8 | 6.69% |
| Dec-24 | 9.4 | 13.4 | 22.8 | 3.93% |
| Jan-25 | 28.4 | 18.6 | 47.0 | 8.10% |
| Feb-25 | 42.2 | 16.8 | 59.0 | 10.17% |
| Mar-25 | 72.6 | 32.8 | 105.4 | 18.17% |
| Apr-25 | 38.4 | 20.6 | 59.0 | 10.17% |
| May-25 | 44.6 | 18.4 | 63.0 | 10.86% |
| Jun-25 | 26.6 | 5.6 | 32.2 | 5.55% |
| Annual Total | 368.9 | 211.5 | 580.4 | 100% |