In the last review, Ruto increases borrowing.
President William Ruto’s administration would raise foreign borrowing after adjusting the 2023–24 fiscal year budget from Ksh3.7 trillion to Ksh3.9 trillion. The government boosted the amount to be borrowed from the foreign market from Ksh131 billion to Ksh449 billion in the Budget Review and Outlook Paper (BROP) released by the Treasury on Sunday, while reducing…