Kenya outlined a budget for the next fiscal year with a deficit projected at a 15-year low of 514.7 bln shillings, or 2.9% of GDP, due to spending cuts and aggressive revenue collection. This fiscal tightening aligns with the conditions of Kenya’s USD 4.43 bln IMF program. Debt repayments are set to increase, including the first installment of Eurobond debt due in 2027, amounting to annual payments of USD 300 mln starting in May 2025.