×
App Icon
The Standard e-Paper
Informed Minds Prefer The Standard
★★★★ - on Play Store
Download Now

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.

Get Full Access for Ksh299/Week
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in
Business
From looting to grounded fleet and leasing; inside KQ's turbulence
By Benard Lusigi 49 mins ago
Business
East or West? Kenya insists China trade deal on track amid US tensions
Business
ICPAK questions Sh34 Safaricom share price in State divestiture plan
Business
Oil marketers join forces to drive up autogas adoption