Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Economists warn Treasury must start cutting expenditure
The Treasury is likely to be constrained to achieve its goal of cutting the budget deficit to five per cent in the fiscal year 2017/18. PHOTO | FILE
Kenya’s reluctance to reduce spending is raising the risk of the country’s debt becoming unsustainable and may put renewed pressure on the shilling, economists have warned.
The Treasury had targeted to implement cutbacks in public spending beginning the current fiscal year, taking into account a rising debt-to-GDP ratio that has come about due to the need to finance a ballooning budget deficit.
