Mbadi: Government inherited Sh925 billion deficit

John Mbadi, National Treasury and Economic Planning CS. (Elvis Ogina, Standard)

Treasury Cabinet Secretary John Mbadi has explained that the Kenya Kwanza administration inherited a budget deficit of Sh925 billion, which has made it difficult to achieve its fiscal goals.

In an interview on KTN, Mbadi said the government was overambitious in attempting to quickly reduce the deficit.