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Originally published by Capital Newstop
June 12, 2025
1mo ago
CS Mbadi emphasises need for stict financial discipline to reduce debt

Mbadi acknowledged the government is operating under constrained fiscal space due to years of rapid debt accumulation. - Kenya breaking news | Kenya news today | Capitalfm.co.ke..
✨ 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.
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