Kenya's Debt Weighing on Economy - IMF

National Treasury Cabinet Secretary Henry Rotich has therefore announced austerity measures, with a possible slow down on development expenditure. This as the IMF is urging the country to reduce the fiscal deficit to 7.2% of gross domestic product in the 2017/18 financial year, from 8.8% in 2016/17.

The Nairobi Securities Exchange (file photo).

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