Kenya Budget Review/ Highlights: Fiscal Year 2016 / 2017

The Kenya budget speech for the financial year 2016/ 2017 was made on the 8th of June 2016 by the Cabinet Secretary for the National Treasury, Henry Rotich.

In FY 2016/17, overall expenditure and net lending are projected at KSh 2,264.8 billion (30.6 percent of GDP), up from the estimated KSh 1,842.7 billion (28.1 percent of GDP) in 2015/16. The expenditures in the FY 2016/17 include externally funded development projects amounting to KSh 413.6 billion (5.6 percent of GDP). Revenue collections, projected at 1,500.6 billion compared to the estimated KSh 1,295.4 billion in 2015/16, are to be achieved by broadening the tax base and improving revenue administration. The financing gap will be financed by a mix of domestic and external borrowing.

 

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