Kenya Government Budget

Kenya recorded a Government Budget deficit equal to 6.60 percent of the countrys Gross Domestic Product in the fiscal year 2012/2013. Government Budget in Kenya is reported by the Central Bank of Kenya. From 1998 until 2012, Kenya Government Budget averaged -2.6 Percent of GDP reaching an all time high of 0.8 Percent of GDP in December of 2000 and a record low of -7.2 Percent of GDP in December of 2010. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Kenya Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-6.60 -4.98 0.81 -7.21 -5.98 | 2014/06 1998 - 2012 Percent of GDP Yearly

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Kenya Government Budget
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Government Last Previous Highest Lowest Forecast Unit
Government Debt To GDP 46.50 2012-12-31 48.90 60.60 45.50 43.00 2014-06-30 Percent [+]
Government Budget -6.60 2012-12-31 -4.98 0.81 -7.21 -5.98 2014-06-30 Percent of GDP [+]
Government Budget Value -105.24 2013-12-31 -100.10 17.61 -249.60 -85.31 2014-06-30 KES Billion [+]
Government Spending 574.21 2013-12-31 403.10 1100.83 13.83 1153.42 2014-06-30 KES Billion [+]
Credit Rating 21.50 [+]
[+]


Government Budget | Notes
A government budget is a legal document that forecasts the government expenditures and revenues for a specific period of time. The period covered by a budget is usually a year, known as a financial or fiscal year, which may or may not correspond with the calendar year. A government budget is often passed by the legislature, and approved by the chief executive or president.


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In the last month of 2013, Kenya’s trade deficit increased to KES 78.67 billion, from KES 71.7 billion in the previous month and KES 76.9 billion a year earlier.
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At is January 14th meeting, Central Bank of Kenya decided to leave the benchmark interest rate on hold at 8.5 percent, as the current monetary policy stance is considered to deliver the desired objective of price stability. The Committee also said there was room for commercial banks to reduce the lending rates.
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In the third quarter of 2013, Kenyan economy advanced 4.4 percent over the previous year, slightly up from 4.3 percent in the June quarter, but down from 4.5 percent a year ago, mainly due to a slowdown in the agriculture and forestry sector.
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In September of 2013, Kenyan trade deficit widened 8.2 percent over a year earlier to 71 billion KES, as lower prices of tea and coffee heat exports. On a monthly basis, the trade deficit decreased 9.9 percent, due to a fall in imports.
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