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KENYA: Budget Policy Statement aims to square the circle

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The Budget Policy Statement (BPS), which is supposed to be passed by Parliament this week, marks an important step in the budget formulation process for FY2020/21, whose implementation starts in July. However, the BPS contains a key contradiction as it promises to keep capital ex...

 

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KENYA: Budget Policy Statement aims to square the circle

The Budget Policy Statement (BPS), which is supposed to be passed by Parliament this week, marks an important step in the budget formulation process