Fiscal Balance in Kenya
Kenya - Fiscal BalanceFollowing a likely moderation in the final quarter of last year, the economy appears to have entered 2019 on a slightly less favorable note. A continued slowdown in remittance inflows, coupled with higher inflationary pressures and a moderation in credit availability in the quarter, likely curbed private spending in Q4. Turning to 2019, the PMI lost ground in January, signaling a weaker pace of expansion in private sector activity. Moreover, the agricultural sector will likely see a fall in output in the coming months owing to the end of the rainy season. On the debt sustainability front, the government plans to refinance the first tranche of maturing Eurobonds—worth USD 750 million—and to raise funds for infrastructure spending through a USD 2.5 billion Eurobond issuance by end-June. Moreover, the country is close to securing an agreement with the IMF on a new standby loan facility, which should also help to bring the public debt burden onto a more sustainable path.
Kenya - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-6.8||-7.0||-9.6||-8.0||-9.5|
5 years of economic forecasts for more than 30 economic indicators.
Kenya Fiscal Balance Chart
Source: Central Bank of Kenya
|Bond Yield||12.45||0.0 %||Mar 11|
|Exchange Rate||99.7||0.05 %||Mar 11|
|Stock Market||0.2||0.0 %||Mar 11|
Get a sample report showing our regional, country and commodities data and analysis.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
March 5, 2019
Business conditions in the Kenyan private sector improved only modestly in February, with activity in the sector growing at the weakest pace in 15 months.
February 28, 2019
Consumer prices rose 0.82% over the previous month in February, following a 0.35% month-on-month increase in January.
February 5, 2019
The Purchasing Managers’ Index (PMI), produced by IHS Markit and Stanbic Bank, fell to 53.2 in January from 53.6 in December.
January 31, 2019
Consumer prices increased 0.35% over the previous month in January, following a 0.65% month-on-month rise in December.
January 28, 2019
At its latest meeting held on 28 January, the Monetary Policy Committee (MPC) of Kenya’s Central Bank kept the Central Bank Rate (CBR) at 9.00%.