Budget office says commercial enterprises are primary targets Sales program can be short-term fiscal consolidation strategy
Kenya can raise as much as 110 billion shillings ($878.5 million) by selling stakes in state-owned companies to help reduce its fiscal deficit, according to the East African nation’s Parliamentary Budget Office.
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The sales could generate about 30 billion shillings annually in the medium term, depending on the method of the asset sales, targeted companies and response from potential buyers, the PBO said in a report posted on its website.
Source:
Bloomberg
