No deadlines have been set, but The Finance Ministry hopes the target will be achieved in time for the elections.
Kenya’s budget deficit is forecast to fall in the 2019-20 fiscal year, while overall spending will rise, The Finance Ministry said on Friday.
REUTERS/Thomas Mukoya NAIROBI (Reuters) - Kenya’s budget deficit is forecast to fall in the 2019/20 fiscal year, while overall spending will rise, The Finance Ministry said on Friday.
By The EastAfrican Uganda’s budget deficit may narrow to six per cent of GDP in 2019-20, as the country concludes investments in two big hydropower projects, The Finance Ministry has said.
Unidentified Gulf Arab nations extended about $2 billion in concessional loans to Sudan in 2015, The Finance Ministry said at the time, while state media in the past two years has reported the Central Bank receiving deposits from the United Arab Emirates.
The audit report also reveals that by December 31, 2018, ministries, departments and agencies (MDAs) and Local Governments had not paid out sh 65.6 billion in Pension and gratuity arrears despite the funds being released by The Finance Ministry.