Fiscal Balance in Kenya
Kenya - Fiscal BalanceThe economy likely lost traction again in the final quarter of 2018 after expanding at a robust, albeit softening, pace in the third quarter on strong agricultural and hydro-powered electricity output. Rising inflation, a continued slowdown in remittance inflows and weaker credit growth likely weighed on private consumption in Q3. Entering the fourth quarter, a pick-up in remittances and an acceleration in credit in October likely stimulated greater household spending. Moreover, PMI readings for Q4 indicate private sector activity remained resilient. On the downside, gloomy corporate earnings and job cuts prompted the Kenya Revenue Authority to reduce its revenue target for the current fiscal year by 5.0%. In other news, a hotel and office complex in the capital came under attack from Al-Shabaab militants on 15 January; the latest in a wave of terrorist activity across the continent that threatens to undermine foreign investment and the tourism sector.
Kenya - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-6.8||-7.0||-9.6||-8.0||-9.5|
5 years of economic forecasts for more than 30 economic indicators.
Kenya Fiscal Balance Chart
Source: Central Bank of Kenya
|Bond Yield||12.51||0.0 %||Jan 30|
|Exchange Rate||110.9||0.05 %||Jan 30|
|Stock Market||0.2||0.0 %||Jan 30|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
April 3, 2019
Activity in the Kenyan private sector grew at a slightly weaker pace in March, reflected by a fall in the Purchasing Managers’ Index (PMI), produced by IHS Markit and Stanbic Bank, from 51.2 in February to 51.0 in March—the lowest print since November 2017.
March 29, 2019
Consumer prices rose 1.60% over the previous month in March, following a 0.82% month-on-month increase in February.
March 27, 2019
At its latest meeting held on 27 March, the Monetary Policy Committee (MPC) of Kenya’s Central Bank held its benchmark lending rate at 9.00%, where it has been July 2018.
March 5, 2019
Business conditions in the Kenyan private sector improved only modestly in February, with activity in the sector growing at the weakest pace in 15 months.
February 28, 2019
Consumer prices rose 0.82% over the previous month in February, following a 0.35% month-on-month increase in January.