Sh411 billion from projected size as reality of economic slow-down bites

The Treasury has revised the projected size of the economy downwards by Sh400 billion, as the reality of a slowing business environment hits home.

In what could yet be another admission of the country’s turbulent economic landscape, the Exchequer has also projected a wider fiscal deficit – the difference between what it earns from taxes and what it spends – meaning it will have to borrow even more in the financial year to June 2020.