fiscal-consolidation

4 Articles
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
FEATURED STORY

Treasury Unveils Brutal Budget Cuts as Cash Crunch Gets Worse

The government has initiated a number of revenue and expenditure measures in line with the government fiscal consolidation plan including budget rationalisation on...

POLITICSECONOMY

Showdown looms as governors defy Uhuru directive on foreign travel

Governors scoff at austerity measures proposed by the national government saying the state has no business "micro-managing" counties.

FEATURED STORY

Kenya to intensify fiscal consolidation to curb public debt distress

Treasury PS Julius Muia says the government is keen to reduce the quantity and ratio to GDP of the public debt in order...

FEATURED STORY

Kenya urged to rethink fiscal-consolidation plan

The National Treasury wants to trim the gap to 3% by 2021 by cutting spending mainly on development projects rather than recurring expenses