Kenya plans to cut its debt-to-GDP ratio to 52.8 per cent by 2027/28 from 58.1 per cent, Finance Minister John Mbadi said on Wednesday, aiming to bring it within the 55 per cent threshold. The country faces high debt service costs and mounting maturities, while last year's efforts to boost revenue were abandoned amid protests. Social unrest also led the government to revise its fiscal deficit target to 4.3 per cent instead of 3.5 per cent, with further spending pressures pushing it to 4.9 per cent, the finance ministry said. Attribution: Reuters Subediting: Y.Yasser
