Fiscal Balance in Kenya

Kenya Fiscal Balance | Economic News & Forecasts

Kenya - Fiscal Balance

The economy likely sustained a solid pace of growth in the final quarter: Private sector activity seems to have expanded robustly in October and November, despite losing some momentum from H1, while the arrival of the short rainy season likely boosted agricultural and hydro-powered electricity output. That said, a slowdown in remittance inflows, rising inflationary pressures—mainly owing to the adoption of the 8% VAT on fuel—and continued lackluster credit growth, which bode ill for household incomes, point to weaker private spending in the quarter. Moreover, although the introduction of the VAT has improved the fiscal account, the misalignment between overly optimistic revenue targets and the government’s spending plans raises concerns about its ability to satisfy its fiscal consolidation goals. In view of making debt repayments more manageable, the country is looking to roll over a syndicated loan worth USD 760 million and extend the maturity of the debt.

Kenya - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-6.8  -7.0  -9.6  -8.0  -9.5  

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Kenya Fiscal Balance Chart


Kenya Fiscal
Note: General government balance as % of GDP
Source: Central Bank of Kenya

Kenya Facts

ValueChangeDate
Bond Yield12.510.0 %Jan 16
Exchange Rate101.80.05 %Jan 16
Stock Market0.20.0 %Jan 16

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