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Highlights of the Finance Bill 2020
- May 15, 2020
- Posted by: IPF Kenya
- Category: Publications
In FY 2002/03, the difference between government expenditure and revenue was Ksh53.3 billion. 18 years later, this figure had increased to about Ksh 858 billion in the proposed draft estimates for 2020/21. This implies that the fiscal deficit has widened
necessitating increased public borrowing.