Kenya missed its 2017 economic growth target of six per cent by one mark, Treasury Cabinet Secretary Henry Rotich has said.
Rotich said the August 8 general election and the Thursday repeat presidential poll held back the country’s economic growth.
The CS told reporters in Iten, Elgeyo Marakwet, that most businesses adopted a “wait and see” mode during the electioneering period.
“2017 has been a very difficult year because of the time we have spent on electioneering until businesses were put on a wait and see mode,” he siad on Wednesday/.
“But despite that the economy grew at five per cent. That is still respectable but we would have done more. We had set ourselves to grow at six per cent.”
The minister said election funding cost Kenya one per of the Gross Domestic Product and resulted in missed revenue targets.
He said money for IEBC and security apparatus made the 2017/18 budget implementation process difficult.
