Kenya’s National Treasury projects a fiscal deficit, including grants, of 689.4 bln shillings (3.5% of GDP) for the fiscal year starting July 2025. Spending is expected to increase to 3.88 tln shillings, though as a percentage of GDP, it will decrease to 20.8%. Economic growth is projected at 5.2% in 2024 and 5.4% in 2025 as the government pursues fiscal consolidation.