Treasury to ditch wide fiscal deficits, Treasury CS Yatani says

Treasury Cabinet Secretary Ukur Yatani. PHOTO | DIANA NGILA | NMG

Kenya will no longer set wide budget deficits and will focus on boosting inadequate revenue collection and minimal borrowing, the finance minister said on Wednesday.

President Uhuru Kenyatta’s government has been criticised for borrowing heavily in recent years. It was forced to raise its borrowing ceiling last year after it breached the set level.

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