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Why Kenya’s growth is stagnant
National Treasury and Economic Planning Cabinet Secretary Njuguna Ndungú escorted to Parliament Buildings under heavy security for the 2023/2024 Budget reading on June 15, 2023. PHOTO | LUCY WANJIRU | NMG
The ritual of the annual Budget is with us and it is all about tax and spend.
Last week, the government went to the markets to borrow Sh60 billion by selling a seven-year infrastructure bond. It ended up snapping a whopping Sh220 billion at the highest price it has ever paid for this paper — 15.8 percent.
