NOTES Unless otherwise indicated, all years referred to in Chapter I are calendar years and all years in Chapter II are fiscal years. "Growth during 1988" or "growth in 1988" means growth from the end of 1987 to the end of 1988 except where otherwise specified. "Growth between 1987 and 1988" means the percentage difference between the annual average levels in 1987 and 1988. Unemployment rates t...

Macroeconomic stability has been a concern to many economies as it shows the economic health of nation. Kenya had unsustainable and persistent fiscal deficit which phenomenal in recent past despite several reforms being established an attempt stabilizing economy. The study was informed by increase budget amidst stagnation macroeconomic instability. This therefore led establish effect selected v...