budget cuts

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The National Treasury building in Nairobi. Going forward, as a proportion of the GDP, the National Treasury expects the budget deficit to reduce to 3.5% of GDP in 2022/23 from a high figure of 7.7% of the GDP in 2018/19. www,businesstoday.co.ke

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Treasury Unveils Brutal Budget Cuts as Cash Crunch Gets Worse

The National Treasury has ordered "brutal" budget cuts in light of a revenue shortfall of Ksh 91 billion and rising expenditure pressures. Acting...

ERIC ORENGE2 Mins read

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