Kenya forecasts a budget deficit of 3.6% of gross domestic product in its July 2027 to June 2028 fiscal budget, Finance Ministry Principal Secretary Chris Kiptoo said this Wednesday.
In June, Finance Minister John Mbadi said the budget deficit was forecast at 5.5% of gross domestic product in 2026/27.
Kiptoo said in a meeting to kick off public hearings for the 2027/28 budget that the economy was forecast to grow 5.1% in 2027 and 5.2% in 2028, from an estimated 5.0% in 2026.
In June, the Finance Ministry had forecast 2027 growth at 5.2%.
Typically the fiscal budget is presented to parliament in June.
The 2027 budget will be presented earlier than that due to elections in August.
–Reuters–
