Business Daily | by Edwin Mutai
Parliament will not allow the Treasury to borrow more than 7.5 percent of the country’s economic output (GDP) to plug the budget shortfall in the financial year starting July 1.
The National Assembly has capped the amount of money that the Treasury can borrow up to Sh930 billion in the financial year 2021/22.
“The financial deficit (including grants approved by Parliament for the financial year 2021/22 is pegged at Sh930 billion or 7.5 percent of the GDP, whichever is lower…
