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Kenya: The Finance ministry cut its domestic borrowing target this fiscal year by close to a quarter to Sh144.8 billion, saying projected revenue shortfalls and higher expenditure prevented a larger cut.
National Treasury Cabinet Secretary Henry Rotich (Pictured) had set a local borrowing target of 190.8 billion shillings in the budget last June but a revised budget policy statement issued on Wednesday showed the State would borrow a lower amount.
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