{"id":79975,"date":"2023-01-11T16:00:58","date_gmt":"2023-01-11T16:00:58","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyan-economy-projected-to-grow-by-6-1"},"modified":"2023-01-11T16:25:40","modified_gmt":"2023-01-11T16:25:40","slug":"kenyan-economy-projected-to-grow-by-6-1","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyan-economy-projected-to-grow-by-6-1","title":{"rendered":"Kenyan economy projected to grow by 6.1%"},"content":{"rendered":"

Africa-Press – Kenya. <\/strong><\/span>The Kenyan economy is projected to grow by 6.1 per cent over the medium term, Treasury CS Njuguna Ndung\u2019u has said. The CS said the figure will be an increase from a 5.5 per cent growth in the 2021-2022 fiscal period.<\/p>\n

The CS made the remarks public hearings for the 2023-24 and the medium-term budget preparation at Kenyatta International Convention Centre on Wednesday. Ndung\u2019u however, warned that the growth prospects could be disrupted if some situations, like the Russia-Ukraine conflict, remain constant.<\/p>\n

\u201cWe have to be prepared for constraints. If Russia-Ukraine conflict continues to escalate, the global supply chains will continue to be affected, thereby causing supply disruptions, a surge on inflation and affect incomes for the exporters in our region,\u201d he said.<\/p>\n

He added that low-income countries have been hit hard by the supply disruptions, debt, surges in food and commodity prices, the devastating effects of climate change and limited access to foreign finance.<\/p>\n

For three days, Kenyans will give their views on President William Ruto\u2019s first Budget. The meetings will be in accordance with Article 201 (a) of the Constitution and Section 36 of the Public Finance Management Act 2012, which requires public participation in the budget-making process.<\/p>\n

Ruto\u2019s first budget has been set at Sh3.64 trillion, and the President has already announced austerity plans in his efforts to create jobs for Kenyans. The Sh3.64 trillion budget is an increase from an earlier estimate of Sh3.55 trillion.<\/p>\n

In his remarks, Ndung\u2019u said the projected growth will be reinforced by the government\u2019s Bottom-Up Economic Transformation Agenda geared towards an economic turnaround and inclusive growth.<\/p>\n

He said avenues of inclusive growth include creating jobs and agro-processing for export. The CS said the government will put emphasis on aggressive revenue mobilisation including policy measures to bring on board additional revenue.<\/p>\n

\u201cCounty governments are also expected to put measures in place to ensure optimisation of Own Source Revenue collection, adherence to fiscal responsibility principles and clearance of pending bills,\u201d he added.<\/p>\n

The chairperson of National Assembly\u2019s Budget and Appropriations Committee Ndindi Nyoro, State Department for Economic Planning PS James Muhati and his National Treasury Chris Kiptoo also addressed the meeting.<\/p>\n

Nyoro said the 2023-2024 budget is being prepared in a difficult economic situation. \u201cWe have disruptions of the supply chains and the drought is unprecedented and has contributed to the high cost of living and inflation,\u201d he said.<\/p>\n

\u201cWe are also transforming to CBC and recruiting 30,000 teachers. It comes with costs. The debt is also approaching Sh10 trillion.\u201d Kiptoo said public hearings are meant to provide a platform for stakeholders to validate and give feedback on the Sector Budget Proposals.<\/p>\n

\u201cI wish to request our stakeholders to critically analyse the budget proposals and give us your inputs for incorporation in the finalisation of the National Budget,\u201d he said.<\/p>\n

For More News And Analysis About Kenya<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Kenya. The Kenyan economy is projected to grow by 6.1 per cent over the medium term, Treasury CS Njuguna Ndung\u2019u has said. The CS said the figure will be an increase from a 5.5 per cent growth in the 2021-2022 fiscal period. The CS made the remarks public hearings for the 2023-24 and […]<\/p>\n","protected":false},"author":84,"featured_media":79974,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,8,12],"tags":[6857,7003,544],"class_list":["post-79975","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-homepage-english","category-policy","tag-africa-press","tag-africa-press-kenya","tag-kenya"],"yoast_head":"\nKenyan economy projected to grow by 6.1% - kenya<\/title>\n<meta name=\"description\" content=\"The Kenyan economy is projected to grow by 6.1 per cent over the medium term, Treasury CS Njuguna Ndung\u2019u has said. The ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyan-economy-projected-to-grow-by-6-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kenyan economy projected to grow by 6.1%\" \/>\n<meta property=\"og:description\" content=\"The Kenyan economy is projected to grow by 6.1 per cent over the medium term, Treasury CS Njuguna Ndung\u2019u has said. The ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyan-economy-projected-to-grow-by-6-1\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-11T16:00:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-11T16:25:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/01\/postQueueImg_1673440267.55.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"561\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyan-economy-projected-to-grow-by-6-1#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyan-economy-projected-to-grow-by-6-1\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Kenyan economy projected to grow by 6.1%\",\"datePublished\":\"2023-01-11T16:00:58+00:00\",\"dateModified\":\"2023-01-11T16:25:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyan-economy-projected-to-grow-by-6-1\"},\"wordCount\":486,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyan-economy-projected-to-grow-by-6-1#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/01\/postQueueImg_1673440267.55.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Kenya\",\"Kenya\"],\"articleSection\":[\"all news\",\"head lines\",\"homepage-english\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyan-economy-projected-to-grow-by-6-1#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyan-economy-projected-to-grow-by-6-1\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyan-economy-projected-to-grow-by-6-1\",\"name\":\"Kenyan economy projected to grow by 6.1% - kenya\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyan-economy-projected-to-grow-by-6-1#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyan-economy-projected-to-grow-by-6-1#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/01\/postQueueImg_1673440267.55.jpg\",\"datePublished\":\"2023-01-11T16:00:58+00:00\",\"dateModified\":\"2023-01-11T16:25:40+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"The Kenyan economy is projected to grow by 6.1 per cent over the medium term, Treasury CS Njuguna Ndung\u2019u has said. The ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyan-economy-projected-to-grow-by-6-1#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyan-economy-projected-to-grow-by-6-1\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyan-economy-projected-to-grow-by-6-1#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/01\/postQueueImg_1673440267.55.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/01\/postQueueImg_1673440267.55.jpg\",\"width\":1000,\"height\":561,\"caption\":\"Kenyan economy projected to grow by 6.1%\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyan-economy-projected-to-grow-by-6-1#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/kenya\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Kenyan economy projected to grow by 6.1%\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#website\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/\",\"name\":\"kenya\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/kenya\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Kenyan economy projected to grow by 6.1% - kenya","description":"The Kenyan economy is projected to grow by 6.1 per cent over the medium term, Treasury CS Njuguna Ndung\u2019u has said. The ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyan-economy-projected-to-grow-by-6-1","og_locale":"en_US","og_type":"article","og_title":"Kenyan economy projected to grow by 6.1%","og_description":"The Kenyan economy is projected to grow by 6.1 per cent over the medium term, Treasury CS Njuguna Ndung\u2019u has said. The ...","og_url":"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyan-economy-projected-to-grow-by-6-1","og_site_name":"kenya","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2023-01-11T16:00:58+00:00","article_modified_time":"2023-01-11T16:25:40+00:00","og_image":[{"width":1000,"height":561,"url":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/01\/postQueueImg_1673440267.55.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyan-economy-projected-to-grow-by-6-1#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyan-economy-projected-to-grow-by-6-1"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Kenyan economy projected to grow by 6.1%","datePublished":"2023-01-11T16:00:58+00:00","dateModified":"2023-01-11T16:25:40+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyan-economy-projected-to-grow-by-6-1"},"wordCount":486,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyan-economy-projected-to-grow-by-6-1#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/01\/postQueueImg_1673440267.55.jpg","keywords":["Africa Press","Africa Press-Kenya","Kenya"],"articleSection":["all news","head lines","homepage-english","policy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/kenya\/all-news\/kenyan-economy-projected-to-grow-by-6-1#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyan-economy-projected-to-grow-by-6-1","url":"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyan-economy-projected-to-grow-by-6-1","name":"Kenyan economy projected to grow by 6.1% - kenya","isPartOf":{"@id":"https:\/\/www.africa-press.net\/kenya\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyan-economy-projected-to-grow-by-6-1#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyan-economy-projected-to-grow-by-6-1#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/01\/postQueueImg_1673440267.55.jpg","datePublished":"2023-01-11T16:00:58+00:00","dateModified":"2023-01-11T16:25:40+00:00","author":{"@id":"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"The Kenyan economy is projected to grow by 6.1 per cent over the medium term, Treasury CS Njuguna Ndung\u2019u has said. The ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyan-economy-projected-to-grow-by-6-1#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/kenya\/all-news\/kenyan-economy-projected-to-grow-by-6-1"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyan-economy-projected-to-grow-by-6-1#primaryimage","url":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/01\/postQueueImg_1673440267.55.jpg","contentUrl":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/01\/postQueueImg_1673440267.55.jpg","width":1000,"height":561,"caption":"Kenyan economy projected to grow by 6.1%"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyan-economy-projected-to-grow-by-6-1#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/kenya\/"},{"@type":"ListItem","position":2,"name":"Kenyan economy projected to grow by 6.1%"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/kenya\/#website","url":"https:\/\/www.africa-press.net\/kenya\/","name":"kenya","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/kenya\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/posts\/79975","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/comments?post=79975"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/posts\/79975\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/media\/79974"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/media?parent=79975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/categories?post=79975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/tags?post=79975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}