Govt to slash fiscal deficit to 2.2%

The Permanent Secretary in the Ministry of Finance, Ramathan Ggoobi, said last month that the country’s fiscal deficit had reduced “very impressively” from 9.7% in 2020/21 to now 4.1%.

Permanent Secretary in the Ministry of Finance Ramathan Ggoobi revealed that the Government saved sh1.7 trillion from a number of austerity measures it took to reduce consumptive expenditure. File photo