Kenya’s Parliamentary Budget Committee adopts Equalisation Fund Appropriation Bill
The Ksh10.25 billion represents the mandatory 0.5 per cent of the audited and approved national revenue for the 2022/23 financial year, which was used to determine revenue sharing for the 2026/27 financial year.
Finance minister assures Kenyans country ‘people-driven budget’ that anchors economic resilience and prosperity
The cabinet secretary said the rejection of the 2024 Finance Bill spoke to the need for fiscal discipline, a reason that made the government to implement austerity measures and prioritised essential social sectors among them education, health and reinforcing the importance of prudent financial management and resource optimisation.
Ratings agency Moody’s warns Kenya’s debt costs are sky-high as government leans of domestic money market
Kenya will hold another round of talks with IMF officials in September in a bid to clinch the programme, the central bank chief Kamau Thugge said last month.
