Kenya to reduce fiscal deficit

NAIROBI, Jan. 11 (Xinhua) -- Kenya on Wednesday announced plans to reduce its fiscal deficit in order to preserve the country's debt sustainability.

Chris Kiptoo, principal secretary for the National Treasury and Economic Planning, told journalists in Nairobi, Kenya's capital, that the government targets to reduce the fiscal deficit from 6.2 percent of gross domestic product (GDP) at the end of the 2021/22 financial year which ended in June 2022 to 5.8 percent in June 2023.