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Kenya Approves $32.5 Billion Budget, Eyes Tax Hikes and Borrowing

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  • Cabinet approves Ksh4.2 trillion budget for 2025/26, signalling tax increases and borrowing
  • Government aims for fiscal consolidation while maintaining funding for essential services

Nairobi, Kenya – Kenya’s cabinet has approved the proposed Ksh4.2 trillion ($32.5 billion) budget for the 2025/26 fiscal year, marking a 5% increase that signals new tax hikes and borrowing.

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