This archive report was first published on 12 September 2019.
On September 12, 2019, Kenya's acting Treasury CS, Ukur Yatani, announced plans to cut unnecessary government spending to rein in the country's gaping fiscal deficit.
According to Yatani, the cuts will be 'brutal and sustained,' with the goal of reducing the deficit to 3.5% of GDP by the 2022/23 fiscal year.
Additionally, Julius Muia, the principal secretary at the Treasury, stated that economic growth is expected to slow down to 6.0% in the current year, down from 6.3% in 2018.
These measures aim to address the country's fiscal challenges and ensure a more sustainable economic future.
