Search

Kenya Forecasts 16-Year Low Budget Deficit on Revenue Boost and Spending Cuts

Kenya Forecasts 16-Year Low Budget Deficit
  • Kenya’s fiscal deficit is projected to shrink to 3.5% of GDP in FY 2025/26, the lowest since 2008
  • National Treasury uses aggressive revenue collection, spending cuts, and fiscal consolidation efforts

Nairobi, Kenya – Kenya is targeting its narrowest budget deficit in 16 years, driven by aggressive revenue collection and significant spending cuts, as it seeks to stabilise its finances after recent protests derailed its taxation plans for the current financial year.

You need an active subscription to continue reading this article.

Recent Business

breaking_news
Egypt Secures $100 Million Islamic Bank Financing to Boost Private Sector Growth
Read More »
breaking_news
Ghana’s Inflation Declines for First Time in Five Months
Read More »
generic-1-1024x683
Ghana Names Asiamah as Central Bank Governor as Addison Retires
Read More »

Recent Politics

generic-1-1024x683
Ghana Names Asiamah as Central Bank Governor as Addison Retires
Read More »
breaking_news
ECOWAS to Maintain Trade Ties with Burkina Faso, Mali, and Niger
Read More »
Ethiopia, Tigray Valley, day life
Cash Withdrawals Surge in Tigray Amid Instability Fears
Read More »

Latest Posts

Latest news insights