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

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

POLITICS ECONOMY

Showdown looms as governors defy Uhuru directive on foreign travel

A fresh showdown looms between the national government and the Council of Governors (COG) over the state’s move to introduce austerity measures aimed...

Samuel Gitonga2 Mins read

Kenya to intensify fiscal consolidation to curb public debt distress

Kenya plans to intensify fiscal consolidation in the medium term in order to reduce the risk of a public debt distress, National Treasury...

XINHUA1 Mins read

Kenya urged to rethink fiscal-consolidation plan

Kenya may need to recalibrate its fiscal-consolidation plans if it’s to see economic growth rebound from a five-year low reached in 2017, the...

BLOOMBERG2 Mins read

fiscal-consolidation

Treasury Unveils Brutal Budget Cuts as Cash Crunch Gets Worse

Showdown looms as governors defy Uhuru directive on foreign travel

Kenya to intensify fiscal consolidation to curb public debt distress

Kenya urged to rethink fiscal-consolidation plan

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