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The government hopes to bring down the budget deficit for the next financial year by nearly Sh400 billion from Sh925 billion to Sh597 billion.
Analysts note that this is overly ambitious and add that if experience in past budget-making cycles is anything to go by, the fiscal deficit for the 2024-25 financial year could be well over Sh1 trillion when the year closes on June 30, 2025.
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