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Vol 50 No 12

Published 12th June 2009


Kenya

Uhuru's accounting crisis

A series of mathematical blunders complicates preparations for the budget and suggests a government cover-up

A political and economic storm battered Finance Minister Uhuru Kenyatta before his maiden budget speech on 11 June, as the effects of last year’s political crisis feed into falling production and jobs – and the government gets its figures wrong. The effects of the post-election violence and the global recession have hit harder than expected. The recently released Economic Survey shows that the government’s five-year economic growth curve has been reversed: gross domestic product growth fell from 7.1% in 2007 to 1.7% in 2008.

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