Why pending bills could double Kenya's budget deficit under new system

Kenya is staring at a double-digit budget deficit as the government plans to include pending bills and other liabilities in the budgeting process in line with the accrual accounting system...
✨ Key Highlights
Kenya faces a potential double-digit budget deficit as the government plans to incorporate pending bills and other liabilities into the budgeting process, aligning with an accrual accounting system. This major shift could significantly impact the nation's financial outlook.
- Double-digit budget deficit projection
- National Treasury CS John Mbadi
- The new system includes pending bills and other liabilities
- Implementation aligns with the accrual accounting system
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