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Kenya to miss growth target on budget gaps and revenue leaks

Treasury CS Njuguna Ndungu. [Elvis Ogina, Standard]

Kenya risks missing its growth targets due to gaps in the Sh4.1 trillion budget for the upcoming 2024/2025 financial year, experts have warned.

The Institute of Public Finance (IPF), a finance think tank, has warned that the absence of allocation for pending bills, low development budget, mismatched priorities and overlaps in government functions could deny the economy the much-needed recovery push, with billions of shillings going to waste due to leakages.

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