advertisement

Economy

Debt, budget gap concern analysts

The National Treasury building in Nairobi. FILE PHOTO | NMG
The National Treasury building in Nairobi. FILE PHOTO | NMG 

Citi Research economists see budget deficit and debt stock as the main economic challenges awaiting the government to be formed after repeat presidential polls slated for October 17.

Fiscal deficit although fundable, the analysts said, remains the main weakness in the economy and needs to be tamed through budget cuts.

“We still have significant long-term concerns about the potential impact of fiscal deficits of the size recorded in recently years on the overall economic outlook for Kenya if it is not brought under control after the elections,” Citi said in Africa Economics & Strategy Weekly Monday.

advertisement