Treasury Data News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(Bloomberg) -- The US government’s budget deficit widened in 2023 as lower income-tax receipts dragged down revenue while rising interest rates added to spending. Most Read from BloombergIsrael Latest: Hamas Releases Two US Hostages After Secret TalksHere’s What 8% Mortgage Rates Will Do to the Housing MarketBiden’s Influence Turns Israel's Ground War Plans Into ‘Something Different’Where Does Israel Get Its 220,000 Barrels of Oil Every Day?US Presses Israel to Delay Gaza Invasion to Get Hostage

The World Bank has urged Kenya to review its budgeting for disaster and emergency management citing unsustainable ad hoc tweaks.

Kenya has relied heavily on the World Bank Group for foreign funding since January on the back of a relatively high-interest international market.

The new borrowing is part of Sh433.1 billion that the Treasury is targeting from external lenders this financial year ending June.

Kenya Power is one of the beneficiaries of an Sh86.95 billion State loan tapped from two international lenders.