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HomeDaily NewsThursday, June 12, 20252025/26 Budget Overview and Financial Reforms
Breaking News & Top Stories5 stories from 3 sources

2025/26 Budget Overview and Financial Reforms

The 2025/26 budget sees education receiving the largest share while agriculture faces cuts. CS Mbadi reveals a Sh30bn revenue plan with no new taxes but emphasizes financial discipline.

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Thursday 6:06 PMCapital News

Education Gets Lion’s Share in 2025/26 Budget as Agriculture Faces Major Cuts

Education Gets Lion’s Share in 2025/26 Budget as Agriculture Faces Major Cuts

The 2025/2026 national budget in Kenya sees the education sector receiving a substantial allocation of Sh702.7 billion, while the agriculture sector faces a 20.1 percent budget cut to Sh47.6 billion.

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Key Highlights

The 2025/2026 national budget in Kenya sees the education sector receiving a substantial allocation of Sh702.7 billion, while the agriculture sector faces a 20.1 percent budget cut to Sh47.6 billion.

  • The education sector includes Sh387.2 billion for the Teachers Service Commission and funding for various education programs.
  • The proposal was presented by John Mbadi, the Treasury Cabinet Secretary, emphasizing the need for investment in education.
  • The agricultural budget cuts significantly from Sh60.4 billion, affecting key areas such as fertilizer subsidies and food security.
Thursday 11:12 AMKBC Top StoriesFirst

Inside Mbadi’s first Ksh 4.2T budget

Inside Mbadi’s first Ksh 4.2T budget

National Treasury Cabinet Secretary John Mbadi is set to present a Ksh 4.24 trillion budget before the National Assembly, focusing on tax cuts amid rising living costs.

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Key Highlights

National Treasury Cabinet Secretary John Mbadi is set to present a Ksh 4.24 trillion budget before the National Assembly, focusing on tax cuts amid rising living costs.

  • Ksh 1.79 trillion will be allocated for recurrent expenses.
  • Mbadi is the newly appointed head of the treasury.
  • Ksh 701.1 billion is earmarked for education, the largest allocation in the budget.
Thursday 4:35 PMCapital News

CS Mbadi emphasises need for stict financial discipline to reduce debt

CS Mbadi emphasises need for stict financial discipline to reduce debt

Treasury Cabinet Secretary John Mbadi has called for strict financial discipline to address Kenya's escalating public debt, presenting his case during the 2024/2025 national budget estimates.

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Key Highlights

Treasury Cabinet Secretary John Mbadi has called for strict financial discipline to address Kenya's escalating public debt, presenting his case during the 2024/2025 national budget estimates.

  • Kenya's public debt exceeds Sh10 trillion, highlighting the urgency for fiscal responsibility.
  • John Mbadi signifies the critical need for streamlined public expenditure and effective revenue mobilization.
  • His emphasis on avoiding high taxes is aimed at nurturing the private sector and sustaining economic growth.
Thursday 6:14 PMCapital News

No New Taxes, Just Reforms As Mbadi Unveils Sh30bn Revenue Plan in 2025 Budget

No New Taxes, Just Reforms As Mbadi Unveils Sh30bn Revenue Plan in 2025 Budget

The National Treasury Cabinet Secretary John Mbadi has announced that the Finance Bill 2025 will not introduce new taxes, addressing public unrest from previous tax policies.

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Key Highlights

The National Treasury Cabinet Secretary John Mbadi has announced that the Finance Bill 2025 will not introduce new taxes, addressing public unrest from previous tax policies.

  • The government aims to raise Sh30 billion through reforms and improved compliance rather than new taxes.
  • Mbadi highlighted the need for tax rationalization to reduce expenditures, which rose from Sh393.1 billion in 2022 to Sh510.6 billion in 2023.
  • Key proposals include reducing the digital asset tax from 3 percent to 1.5 percent and expanding mortgage interest tax relief for home construction.
Thursday 7:45 PMKenyans

How the 2025/2026 Budget Will Affect Income Tax

How the 2025/2026 Budget Will Affect Income Tax

Treasury Cabinet Secretary John Mbadi has announced significant income tax reforms in the proposed 2025/2026 Budget, aiming to enhance revenue while alleviating burdens on workers and businesses.

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Key Highlights

Treasury Cabinet Secretary John Mbadi has announced significant income tax reforms in the proposed 2025/2026 Budget, aiming to enhance revenue while alleviating burdens on workers and businesses.

  • Gratuity payments from both public and private sectors will be fully exempt from taxation.
  • Kenya Revenue Authority (KRA) is set to receive new powers to negotiate Advance Pricing Agreements with multinational companies.
  • New mortgage interest relief will extend to those constructing residential homes, enhancing affordability in homeownership.
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