2019/20 budget deficit forecast to fall, overall spending to rise

Kenya’s budget deficit is forecast to fall in the 2019/20 fiscal year, while overall spending will rise, the Finance Ministry said on Friday.

In a draft budget policy statement, the ministry said the budget deficit would drop to 5.0 percent of gross domestic product in the period from July to June, from a revised deficit of 6.3 pct of GDP in the 2018/19 fiscal year.