Budget Execution Report for Financial Year 2023- 2024 (July 2023 to June 2024)
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Date
2024-06
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Publisher
Ministry of Finance
Abstract
During the first quarter (January – March) of 2024, the real GDP (constant 2015 prices) rose to 38.7 trillion shillings from 36.7 trillion shillings recorded in the similar period in 2023, equivalent to the growth rate of 5.6 percent. In 2023/24, headline inflation averaged at 3.2 percent, lower than the 4.6 percent recorded in 2022/23. This was mainly attributed to the implementation of prudent monetary policy and adequate food supply. During the quarter ending June 2024, headline inflation maintained an average of 3.1 percent compared to 3.9 percent recorded during the corresponding quarter in 2023.
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Keywords
Execution Reports, Budget Report