By GIWA Shile
The Kenya Finance Ministry says it foresees the country’s budget deficit fall to 5.0 per cent of gross domestic product (GDP) in the 2019/20 (July-June) fiscal year.
The ministry made the forecast known in a draft budget policy statement on Friday in Nairobi.
It said the fall would be 1.3 per cent lower than the deficit of 6.3 per cent of GDP in 2018/19 fiscal year.
The ministry also forecasts the deficit would drop to 3.0 per cent of the GDP in 2022/23.
