Treasury Kenya

An institution of excellence in economic and public financial management

[Treasury Kenya @KenyaTreasury]

Balance on Current Account is expected at -6.4% in 2016 narrowing to -6.1 in 2017. https://t.co/Afv02aN0cN @IMFNews

[Treasury Kenya @KenyaTreasury]

.@IMFNews projects Kenya is expected to grow by 6.0% in 2016 and 6.1% in 2017. https://t.co/Afv02aN0cN @IMFNews

[Treasury Kenya @KenyaTreasury]

Benefiting from low oil prices & enjoying healthy private consumption and investment growth rates. https://t.co/Afv02avoOd @IMFNews

[Treasury Kenya @KenyaTreasury]

Côte d’Ivoire, Ethiopia, Kenya & Senegal are expected to continue to expand at a very robust pace of more than 5% this year. @IMFNews

[Treasury Kenya @KenyaTreasury]

Resilience in Côte d’Ivoire, Kenya, Senegal & Tanzania partially offset generally softer activity across the region. https://t.co/Afv02aN0cN

[Treasury Kenya @KenyaTreasury]

@IMFNews WORLD ECONOMIC OUTLOOK (WEO)
Subdued Demand:
Symptoms and Remedies
October 2016
https://t.co/Afv02avoOd

[Treasury Kenya @KenyaTreasury]

Import bill declined by 8.4% on account of low international oil prices & reduced importation of machinery & transport equipment. @KNBStats

[Treasury Kenya @KenyaTreasury]

This was mainly supported by 15.3% increase in domestic export earnings, riding on growth in earnings from tea & horticulture. @KNBStats

[Treasury Kenya @KenyaTreasury]

Merchandise trade deficit narrowed by 16.7% to 223,714m in Q2 2016 from 268,426m in Q2 2015. @KNBStats https://t.co/gdTfJnfHfy

[Treasury Kenya @KenyaTreasury]

Net financial inflows grew by 4.9% from a surplus of 165,377m in Q2 2015 to a surplus of 173,413m in Q2 2016. @KNBStats

[Treasury Kenya @KenyaTreasury]

Diaspora remittances remained resilient increasing by 18.3% to 45,315m in Q2 2016. @KNBStats https://t.co/gdTfJnxiE8

[Treasury Kenya @KenyaTreasury]

The decrease in imports on f.o.b basis by 8.3% and increase in exports by 8.4% lead to contraction of current account balance. @KNBStats

[Treasury Kenya @KenyaTreasury]

During Q2 2016, the current account deficit contracted by 6.1% to 141,915m from 151,209m in Q2 2015. @KNBStats https://t.co/gdTfJnxiE8

[Treasury Kenya @KenyaTreasury]

Similarly, credit to central government grew by 23.4% to stand at 722.1b in the quarter under review. @KNBStats https://t.co/gdTfJnxiE8

[Treasury Kenya @KenyaTreasury]

Credit to the private sector grew by 5.1% from 349.2b in Q2 2015 to 367.1b in Q2 2016. @KNBStats https://t.co/gdTfJnxiE8

[Treasury Kenya @KenyaTreasury]

Total domestic credit increased by 14.7% during the review period compared to an increase of 19.5% in Q2 2015. https://t.co/gdTfJnfHfy

[Treasury Kenya @KenyaTreasury]

Financial & insurance sector recorded a growth of 7.5% in Q2 2016 compared to 7.7% registered in Q2 2015. @KNBStats https://t.co/gdTfJnfHfy

[Treasury Kenya @KenyaTreasury]

Air transport activities remained curtailed partly due to a significant decline in the volume of cargo handled. https://t.co/gdTfJnfHfy

[Treasury Kenya @KenyaTreasury]

Favourable prices of fuel coupled with continued improvement in road network supported the sector’s accelerated growth rate of 8.8%

[Treasury Kenya @KenyaTreasury]

The noteworthy performance is also evidenced by a significant growth (18.4%) in the consumption of light diesel. @KNBStats