Kenya's President William Ruto reviews budget cut from Sh346bn to Sh177bn, borrowing the difference to increase fiscal deficit from 3.3% to 4.6%.
Kenya's President William Ruto reviews budget cut from Sh346bn to Sh177bn to sustain key programmes and hire additional Junior Secondary School teachers. The National Treasury will cut spending by Sh117bn instead of the initial Sh346bn, borrowing the difference to increase fiscal deficit from 3.3% to 4.6%. This will ensure funding of critical government services amid growing public displeasure and protests.
July 05, 2024
17 Articles