Kenya seeks to cap budget deficit at 6.9pc in coming financial year

Treasury Cabinet Secretary Henry Rotich. The Government has pledged to take concrete steps to collect more revenue through a wide range of corrective measures to bridge the funding gap (Photo Courtesy)

The Government is targeting a budget deficit of 6.9 per cent in the 2016/17 fiscal year.

The budgetary shortfall will be brought down from a target of 8.1 per cent of the Gross Domestic Product (GDP) for this year, Treasury said in a draft budget policy statement.