CS Mbadi Presents 2026/27 Budget Amid Sh1.1 Trillion Deficit Concerns - June 2026

Treasury Cabinet Secretary Prof. Njuguna Ndung'u outlined strategies for the Kenyan government to address a substantial Sh1.1 trillion budget deficit in the 2026/27 fiscal year. The plan involves a combination of revenue enhancement and expenditure rationalization. Cabinet Secretary John Mbadi announced that ongoing reforms at the Kenya Revenue Authority (KRA) are expected to significantly boost tax collections in the upcoming financial year without the need for increased tax rates. Kenya's Cabinet Secretary John Mbadi has stated that this year's budget presents a significant challenge, highlighting difficulties in formulating the budget due to several critical economic factors impacting the nation. Tension is high outside the National Treasury offices as Cabinet Secretary Mbadi prepares to present the 2026/27 budget amidst nationwide protests over the ongoing matatu strike.