President Ruto's ambitious plan to reduce Kenya's reliance on debt-funded mega projects is facing a harsh fiscal reality marked by persistent revenue shortfalls, and a widening budget deficit.
Finnish President Alexander Stubb receives President William Ruto at the presidential palace in Helsinki, Finland, on June 10, 2026. [PCS]
President William Ruto's ambitious plan to reduce Kenya's reliance on debt-funded mega projects is facing a harsh fiscal reality marked by persistent revenue shortfalls, a widening budget deficit and mounting pressure on public finances.
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The lender has demanded that Kenya address its budget shortfall by introducing new taxes and reducing spending.
