Sh200 billion bond to seal budget deficit, says Rotich

PHOTO | STEPHEN MUDIARI Treasury Cabinet Secretary Henry Rotich reading the budget on June 13, 2013.

What you need to know:

  • The plan initially planned for 2007 was shelved after the post-election chaos but proposal will see country seek cheaper credit internationally

The government is planning to borrow over Sh200 billion from the international market to bridge the Sh329 billion budget deficit and ease pressure on the domestic debt market.

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