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Podcast: Good Morning Africa
Episode: Kenya, the land of supplementary budgets and what the latest additions mean.
Description: The Kenyan finance ministry has revised its estimated spending and the budget deficit for the current fiscal year ending in June, revealing a slight increase in total expenditure and a smaller deficit.Supplementary budget documents submitted to parliament reveal that overall spending is projected to be KES 3.37 trillion ($26.98 billion), an increase from the KES 3.36 trillion initially presented in April last year.Meanwhile, the deficit for the 2022/23 fiscal year is now estimated at 5.7% of the gross domestic product (GDP), a decrease from the original projection of 6.2%.