Financial Times FT.com

Kenya in turmoil

Kenya unveils record ‘stimulus’ budget

By Barney Jopson in Nairobi

Published: June 11 2009 15:47 | Last updated: June 11 2009 15:47

Kenya’s government has unveiled a 24 per cent increase in public spending and the largest budget in the country’s history as it seeks to stimulate east Africa’s biggest economy in the face of the global downturn.

Uhuru Kenyatta, finance minister, acknowledged concerns over Kenya’s mounting debt burden but stressed that the KSh866bn ($11bn) “fiscal stimulus” he presented to parliament on Thursday was compatible with debt sustainability.

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