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The government took first step towards cutting excessive government spending and reducing a gaping fiscal deficit that have driven up borrowing, a draft Treasury budget review showed on Thursday, but analysts said the cuts do not go far enough.
President Uhuru Kenyatta’s government has been criticised for ramping up borrowing since coming to power in 2013. Total public debt stands at 55 per cent of GDP, up from 42 per cent when he took over.
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