Arab Today, arab today kenya revises economic growth projection for 2014
Last Updated : GMT 22:28:13
Arab Today, arab today
Arab Today, arab today

Kenya revises economic growth projection for 2014

Arab Today, arab today

Arab Today, arab today Kenya revises economic growth projection for 2014

Kenya's senior treasury official
Nairobi - XINHUA

Kenya's senior treasury official said Friday they have revised the country's economic growth projections for the 2014 due to the weak economic performance in the first quarter.
National Treasury Cabinet Secretary Henry Rotich told a budget hearing meeting in Nairobi that the figure has been revised downwards from 5.8 percent to between 5 and 5.5 percent.
"This is primarily due to the weak tourism performance as well as the slow implementation of development programs by national and county governments," Rotich said during the launch of the 2015/ 2016-2017/2018 Medium Term Budget process.
"The implication of this is that the country's total resource envelop may have to be reviewed," Rotich said.
According to the National Treasury, Kenya's economy expanded by 4.1 percent in the first half of this year.
Rotich said that the 2014/2015 financial year budget was prepared, taking into account the global economic developments, particularly in the Euro-zone area.
"Even though some economic recovery has been noted in some countries, those economies are still struggling as their growth rates are still well below their potential," Rotich said.
"Notwithstanding the sluggish growth in those economies, Kenya' s economy showed its resilience to external shocks as it grew by 4. 7 percent in 2013," he added.
The East African nation intends to restructure its public expenditure towards priority areas.
"The 2015/2016 budget will have more focus towards development expenditure in areas such as energy, infrastructure, information communication technology, agriculture and social expenditure in education and health," he said.
The National Treasury is currently implementing a program- performance based budgeting in order to strengthen the management of public resources.
"This requires greater accountability from managers of public resources who will be required to explain the manner in which they implemented government programs," Rotich said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today kenya revises economic growth projection for 2014 Arab Today, arab today kenya revises economic growth projection for 2014

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today kenya revises economic growth projection for 2014 Arab Today, arab today kenya revises economic growth projection for 2014

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today What's the reason and what you can do

GMT 05:44 2017 Sunday ,22 October

What's the reason and what you can do
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Syrian children die of hunger

GMT 19:25 2017 Sunday ,22 October

Syrian children die of hunger
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 10:18 2017 Saturday ,21 October

How to do open-heart surgery

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday