01-May-2025
Economy News
 
Kenya to Cap Fiscal Deficit at 4.5% in FY 2025/26
30-Apr-2025

Kenya will cap its fiscal deficit at 4.5% of GDP in 2025/26, down from 5.1% the previous year, and revise its initial budget of 4.3 trillion Kenyan shillings ($33 billion) substantially, its cabinet said on Tuesday. Last year mass protests forced President William Ruto to withdraw $2.7 billion in proposed tax hikes and abandon plans to reduce this year's fiscal deficit to 3.5%, amid the biggest crisis of his two-year presidency.

News Source:- https://money.usnews.com/investing/news/articles/2025-04-29/kenya-to-cap-fiscal-deficit-at-4-5-in-fy-2025-26
 
 
 

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