×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Download Now

Parliamentary Budget Office report warns of decline in Kenya's growth rate

The country failed to realise an estimated Sh81 billion wealth as a result of failure by the county governments to spend all funds allocated for development projects.

According to a report by the Parliamentary Budget Office (PBO), the country’s Gross Domestic Product (GDP) in the last financial year (2013/2014) registered 1.7 per cent deficit owing to the low absorption capacities of the county governments.

Get Full Access for Ksh299/Week
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in