Nairobi, July 7 -- Global economists have projected Kenya's budget deficit will be wider than the 7.5 percent of gross domestic product (GDP) estimated in the Treasury's budget for this financial year, saying the targets of economic growth and tax receipts are unlikely to be met.
A consensus outlook from 11 of the world's leading banks, consultancies and think tanks has forecast fiscal deficit to narrow to an average of 7.9 percent of gross domestic product (GDP) this fiscal year from an estimated 8.7 percent in the previous one.
The projection is contained in July's consensus forecast report for sub-Saharan Africa compiled by Barcelona-based FocusEconomics.
The Treasury sees the budget deficit - filled through borrowing - narrowing stea...