×
App Icon
The Standard e-Paper
Truth Without Fear
★★★★ - on Play Store
Download Now

Kenya to miss growth target on budget gaps and revenue leaks

Vocalize Pre-Player Loader

Audio By Vocalize

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.

Premium Article

Get Full Access for Ksh299/Week.

Fact-first reporting that puts you at the heart of the newsroom. Subscribe for full access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Real Estate
Private developers eye deeper presence in Coast region
Sci & Tech
CS Kabogo: Digital economy now established, focus shifts to governance and accountability
Opinion
How Ruto's aggression over fuel prices with EAC neighbours strains ties
By Brian Ngugi 10 hrs ago
Business
Ruto opts for electric cars to escape high fuel prices