The Treasury will find it difficult raising 2020/21 domestic financing that is more than a quarter larger than in the ending fiscal year, meaning high chances of mid-term public spending cuts.
Analysts at Kestrel Capital say with the Treasury having mobilised Sh391 billion for this fiscal year, it will be a gruelling task to raise Sh493 billion proposed in the 2020/21 budget — that is an extra Sh102 billion or 26 percent.
