Revenue shortfalls and higher spending have become a common feature of government budgets.
By
Charles Mwaniki
Business Reporter
Nation Media Group
The National Treasury has cashed 41 percent of its annual domestic borrowing target just two months into the fiscal year, signalling a rush to capitalise on a highly liquid market to secure early funding to plug its budget deficit.
The cut in domestic borrowing is expected to increase the pool of funds available in banks for lending to households and…
Kenya faces severe fiscal pressures and cash constraints driven by high debt-servicing costs and below-target revenue…
The National Treasury departed from the approved Medium-Term Debt Management Strategy by significantly increasing domestic…
CBK has targeted Sh28 billion in each of its last two weekly T-bill auctions, with a higher quantum placed on the shortest dated…
A wider budget deficit signals increased borrowing because the government's spending has surpassed its revenues.
The biggest blow to revenue is expected from income tax, with the Treasury having lowered expected collections by Sh78.6 billion,…
