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Ruto looks East to seal holes in second budget

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National Treasury CS Njuguna Ndungu walks to Parliament to present Budget highlights on June 13, 2024. [Boniface Okendo, Standard]

In a move to bolster economic stability and enhance debt sustainability, the National Treasury has announced a strategic shift in its borrowing approach.

Treasury Cabinet Secretary Njuguna Ndung'u, while presenting the National Budget, emphasised the government's commitment to reducing reliance on commercial borrowing and exploring a variety of financing options.

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