Search

Kenya Falls Short of Budget Cut Target

Allen dreyfus Logo
© Allen Dreyfus
  • Kenya’s treasury misses the Ksh177 billion ($1.36 billion) budget cut target, achieving only Ksh145.7 billion ($1.12 billion)
  • President Ruto prioritizes agriculture and key sectors despite budget constraints

Nairobi, Kenya – Kenya’s national treasury has fallen short of the targeted Ksh177 billion ($1.36 billion) budget reduction directed by President William Ruto last month, following the rejection of the finance bill 2024. This shortfall suggests a challenging balancing act that could push the government toward increased borrowing.

You need an active subscription to continue reading this article.

Recent Business

john-middelkoop-j67BWwvS9h8-unsplash
Namibia positions itself as a green hydrogen contender despite export hurdles
Read More »
jakub-zerdzicki-8wLZi9OhsWU-unsplash
Tinubu’s tax reform falls short of ambition after resistance from northern states
Read More »
silhouettes-6576684_1920
Inside the AfDB’s Next Chapter: Debt, Diplomacy and the Tah Doctrine
Read More »

Recent Politics

jakub-zerdzicki-8wLZi9OhsWU-unsplash
Tinubu’s tax reform falls short of ambition after resistance from northern states
Read More »
silhouettes-6576684_1920
Inside the AfDB’s Next Chapter: Debt, Diplomacy and the Tah Doctrine
Read More »
kofi-bhavnani-4c-k7vendbg-unsplash
Public anger mounts in Ghana over new fuel levy to tackle energy debt
Read More »

Latest Posts

Latest news insights