World

Kenya fiscal deficit to fall to 6.0pc of GDP in 2018/19 fiscal year

Published January 22, 2018 Updated January 22, 2018 03:07pm

The East African nation has been criticised for failing to cut borrowing, after ramping up debt in the past five years to fund a range of ambitious infrastructure projects, including a modern railway line.

The deficit was expected to fall further to 6.0 percent of GDP in the 2018/19 (July-June) financial year, the Treasury said.

The government would cut its expenditure in order to reduce the deficit, the ministry of finance said in the document.

 

Copyright Reuters, 2018