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Experts have faulted Treasury's proposed budget financing strategy in the next financial year, saying it could derail government projects.
National Treasury Cabinet Secretary Njuguna Ndung'u has maintained the new administration will opt for direct concessional budget funding from multilateral lenders instead of expensive domestic and foreign commercial debt.
Prof Ndung'u said last week that reliance on institutions like the International Monetary Fund (IMF) and the World Bank in the medium term to bridge the budget deficit would help reduce debt and the country's vulnerabilities.
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