A deficit shows that outflows are higher than inflows, meaning the economy must rely on outside funding to maintain stability. Kenya’s goods trade balance remains the main source of the gap due to the country’s reliance on imported inputs, machinery and consumer products.
By Maureen KinyanjuiCS Ogamba said the council’s approved recurrent budget for the 2024/25 financial year allocated Sh5.9 billion for national assessments and examinations. Out of this, Sh3 billion was designated for the KCSE exams, Sh2 billion for the Kenya Junior School Education Assessment (KJSEA), and Sh900 million for the Kenya Primary School Education Assessment (KPSEA). However, the total requirement stood at Sh12.72 billion, creating a funding gap of Sh6.8 billion.
By Ann NyamburaData indicates that net domestic borrowing hit Sh854.5 billion, against the original target of Sh263.2 billion, as authorities leaned heavily on local lenders to fill the financing gap.
By Maureen Kinyanjui