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Economic Update

Disputed elections amidst worsening economic outlook
As the country awaits the verdict of the Supreme Court on the challenged presidential election results, the outlook of local macro-economic conditions continues to decline. As of 30th June 2022, the total national government outstanding bills amounted to KES 504.7bn, with 65.5% of the pending bills belonging to contractors and suppliers. This position adds on more stress to an already burdened debt situation in the country.

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