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Parliamentary Budget Office report warns of decline in Kenya's growth rate

The country failed to realise an estimated Sh81 billion wealth as a result of failure by the county governments to spend all funds allocated for development projects.

According to a report by the Parliamentary Budget Office (PBO), the country’s Gross Domestic Product (GDP) in the last financial year (2013/2014) registered 1.7 per cent deficit owing to the low absorption capacities of the county governments.

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