The Public Service Commission (PSC) has appointed Raphael Owino as the new National Treasury Director General of Public Debt Management.

He replaces Haron Sirima,  who exited at the height of a high debt burden, eating up funds meant for development in January.

The National Treasury expressed confidence in Owino saying he has a good track record from his previous engagement at the Central Bank of Kenya.

“His expertise in public debt management, particularly in achieving and maintaining sustainable public debt, reducing long-term debt servicing costs, and managing the risk of contingent liabilities, will be a significant asset,” read the statement by Treasury in part.

“We are confident that Mr. Owino’s expertise, experience, and insights will greatly benefit our organization as he steps into this critical role.”

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CBK and Treasury data showed that the country’s debt burden was $69.3 billion as of the end of June last year, up from $58.4 billion during a similar period in 2022.