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

arvind-vallabh-rqWWhKzVCaU-unsplash
Gabon ramps up deepwater push to reverse oil decline
Read More »
kurt-cotoaga-FWTN3Uquq20-unsplash
Senegal raises $346m in latest WAMU debt auction
Read More »
Allen dreyfus Logo
Cote d’Ivoire awards new gold exploration permits
Read More »

Recent Politics

james-wiseman-IebZAH6kaNw-unsplash
Trump pushes trade-first Africa strategy to counter rivals
Read More »
Allen dreyfus Logo
Elombi steps into Afreximbank leadership amid mounting regional debt pressure
Read More »
edouard-tamba-oTrwlvPvpVo-unsplash
Northern defections rattle Biya’s rule ahead of Cameroon’s October election
Read More »

Latest Posts

Latest news insights