Kenya's Bold Fiscal Move: Treasury Raises Borrowing Target to Sh597 Billion Amid Economic Pressures

Facing mounting economic pressures, Kenya's Treasury has revised its borrowing target to Sh597 billion for the 2024/25 financial year, up from Sh570 billion. This decision, outlined in the Finance Bill 2024, aims to address the budget deficit and fund development projects despite concerns about the country's debt levels.