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World Bank criticises Kenya's approach to cutting fiscal deficit

Finance Cabinet Secretary Henry Rotich

The World Bank urged Kenya to cut spending on public sector wages and other recurring items to reduce its debt load, instead of slashing development spending as that is restraining economic growth.

In a bi-annual economic update on the country, released on Thursday, the bank raised its estimate for Kenya’s 2018 economic growth to 5.7 percent, from a previous forecast of 5.5 percent.

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