Kenya is currently in an expansionary phase of its fiscal policy reflected in a widening primary deficit. The fiscal framework is marked by a significant fiscal expansion over the last three years, 2011/12 to 2013/14. The fiscal stimulus implemented in 2009/10 increased aggregate spending by 2 percent of Gross Domestic Product (GDP). However the envisaged fiscal retrenchment at the end of the program did not materialize and fiscal expansion continued...
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DETAILS
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2014/12/01
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Public Expenditure Review
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94021
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1
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2015/02/02
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Disclosed
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Decision time : Spend more or spend smart?
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Cost of Doing Business
Citation
Kenya public expenditure review (Vol. 1 of 2) : Decision time : Spend more or spend smart? (English). Public Expenditure Review (PER) Washington, DC: World Bank Group. http://documents.worldbank.org/curated/en/230971468254049239