Treasury reveals how Kenya’s Ksh1.3T budget gap could hit households and businesses in 2027

This story has significance for readers across Kenya and beyond.

Kenyan households and businesses could face continued pressure from taxation, borrowing costs, and tighter government spending after the Treasury projected a Ksh1.3 trillion budget deficit for the 2027/28 financial year. The deficit, estimated at Ksh1.321 trillion, highlights the difficult choices facing the government as it seeks to finance public services while reducing fiscal pressures and […]

Reporting originally appeared via People Daily. Read the full source for additional context.