Kenya Targets $379 Million Primary Surplus, First in Two Decades
- Fiscal gap seen narrowing to 3.9% of GDP next year from 4.8%
- Kenya’s risk of debt distress is considered high by the IMF
Kenyan shilling banknotes in Mombasa, Kenya.
Photographer: Luis Tato/BloombergThis article is for subscribers only.
Kenya could achieve a primary surplus this fiscal year, the first in two decades, if it can hit its revenue targets, Treasury officials said.
The East African economy could post a primary surplus - the difference between revenue and expenditures without debt repayments - of 54.7 billion shillings ($379 million) in the fiscal period through June next year, the National Treasury’s Director of Macro and Fiscal Affairs Musa Kathanje said Friday in the capital Nairobi.