Kenya recorded a Government Budget deficit equal to 5.30 percent of the country's Gross Domestic Product in 2023. Government Budget in Kenya averaged -4.50 percent of GDP from 1998 until 2023, reaching an all time high of 0.81 percent of GDP in 2000 and a record low of -8.70 percent of GDP in 2021. source: Central Bank of Kenya
Government Budget in Kenya is expected to reach -4.30 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Kenya Government Budget is projected to trend around -3.80 percent of GDP in 2025 and -3.50 percent of GDP in 2026, according to our econometric models.