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Treasury CS Mbadi Presents Sh4.8 Trillion Budget Amid Scrutiny
Treasury Cabinet Secretary John Mbadi is presenting the 2026/27 National Budget before Parliament today, facing growing scrutiny over his management of Kenya's economy. The proposed spending plan totals KSh 4.8 trillion, with the government aiming to raise over KSh 3.63 trillion to fund this budget. A significant budget deficit of approximately Sh1 trillion has emerged, prompting the National Treasury to seek loans totaling Sh1.2 trillion to bridge the gap. Kenyans are expressing skepticism and concern regarding the recently unveiled budget, particularly in light of the rising cost of living. National Assembly Speaker Moses Wetang'ula has defended President William Ruto's absence during the budget reading. Treasury CS Mbadi revealed that only 3.1 million working Kenyans currently contribute to the Pay As You Earn (PAYE) tax system.
Health Sector Receives Sh175.5 Billion for Universal Health Coverage
Kenya's Treasury Cabinet Secretary John Mbadi has presented the 2026/27 National Budget, allocating Sh175.5 billion to the health sector with the aim of injecting new momentum into the Universal Health Coverage (UHC) initiative. Kenya's health sector has received a significant financial boost aimed at advancing the UHC agenda. The new budget also proposes relief measures impacting the cost of living, with significant allocations to the health, agriculture, and housing sectors. However, challenges within the Strategic Health Authority (SHA) continue to raise concerns, even as the Kenyan health budget sees an increase.
Kenyan Education Sector Leads Budget Allocation Despite Challenges
The Kenyan government has prioritized education in its budget allocation, leading all sectors despite ongoing challenges within the sector. The Kenyan Ministry of Education has received a significant allocation in the new financial year's budget, aimed at strengthening the education sector. The European Union Delegation to Kenya and Equity Group Foundation have separately partnered to broaden access to education and international learning, with this agreement aiming to benefit high-achieving students within Kenya and the wider region.
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