Treasury CS Mbadi Presents Sh4.8 Trillion Budget Amid Scrutiny - June 2026

Treasury Cabinet Secretary John Mbadi presented the 2026/27 National Budget before Parliament today, proposing a spending plan worth KSh 4.8 trillion with a deficit of Sh1 trillion that the government aims to bridge through loans. National Assembly Speaker Moses Wetang'ula defended President William Ruto's absence during the budget reading, emphasizing that the President has a constitutional right to attend or delegate. The budget allocation includes significant funding for education, health, agriculture, and housing sectors to address cost of living concerns. Kenya's National Treasury is seeking loans totaling Sh1.2 trillion to bridge the budget gap, while CS Mbadi revealed that only 3.1 million working Kenyans currently contribute to the Pay As You Earn tax system. Mixed reactions emerged from Kenyans as they weighed priorities in the record-breaking budget allocation.