Kenya plans to source loans from the World Bank and Afreximbank to address its budget deficit, having lowered its domestic debt target. The World Bank’s contribution will be via development policy operations. In another move, Kenya plans to audit government arrears of 640 bln Shillings, with half owed to pension funds. The treasury projects a rise in revenue to 18.3% of GDP by 2024-25 and expects expenditure to fall below 22.3% in the same period.