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The budget presented to parliament last week appears modest, given that 2022 is an election year.
However, the proposal carries considerable downside risks on both the revenue and expenditure fronts.
If these materialize, Kenya may be forced to request debt restructuring after a...

 

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KENYA: Modest budget, but downside risks loom large

The budget presented to parliament last week appears modest, given that 2022 is an election year. However, the proposal carries considerable downside risks on