Kenyan president contender William Ruto ruled out restructuring the nation’s debt if he wins next month’s election, the opposite of what his main rival plans to do. Concerns over Kenya’s debt mounted in recent years, as the government increasingly turned to loans to finance its infrastructure-expansion program. The country’s total public liabilities climbed to 8.56tln shillings ($72bln) by the end of May, equivalent to 69.1% of GDP. Last month, policymakers approved to raise the government’s debt ceiling to 10tln from 9tln, providing additional room to fund its 862bln shilling budget deficit for FY22-23.