The Kenyan government owes 'Kenya' more money. Our government's domestic debt has increased by KES 112.3 billion to KES 971.2 billion up from KES 858.8 billion at the end of June 2012. The Central Bank of Kenya in its Weekly Bulletin attributes this continued rise to an increase in Treasury bills, Treasury bonds as well as Government overdraft at the Central Bank during the six months period being reviewed.

Cumulative interests and other charges on domestic debts amounted to KES 53.6 billion from July 1 2012 to January 4th 2013, compared to KES 38.6 billion during a similar period the previous year, thus the increase in debts. Government securities accounted to 93.9% of gross domestic debt as at January 4th 2013.

Other articles highlighted in the weekly bulletin were the shilling depreciating by 0.45% against the US dollar and appreciating by 0.49%, 0.62% and 0.84% against the sterling pound, the Euro and Japanese Yen respectively. It traded at an average of KES 86.5 against the dollar, KES 138.8 against the pound, KES 113  against the Euro and KES 98.5 per 100 Japanese Yen.

It's safe to say everyone is in debt this January.

You can see this week's CBK Bulletin here.