Treasury cuts local borrowing target by Sh172bn

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The National Treasury building in Nairobi in this picture taken on March 15, 2023. PHOTO | DENNIS ONSONGO | NMG

The Treasury has trimmed its domestic borrowing target by Sh172 billion, albeit at a lower cut than the previously projected Sh270 billion.

New budget estimates by the exchequer have reduced the net domestic borrowing target to Sh411 billion from an approved estimate of Sh583 billion in June this year.

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