IMF is likely to approve Kenya’s new fiscal plan in August, as stated by Musalia Mudavadi
In summary Last week, the National Treasury announced plans to reduce spending by 1.9 percent for 2024/25. East Africa’s largest economy intends to finance a budget of Sh3.8 trillion for the fiscal year starting from July 1, down from the original Sh4.2 trillion. Kenya has submitted a new budget plan to the International Monetary Fund…
