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Originally published by Capital Businessbusiness
June 12, 2025
5mo ago
Mbadi urges fiscal prudence in inaugural budget statement

NAIROBI, Kenya, June 12 – Treasury Cabinet Secretary John Mbadi has issued a stark warning over Kenya’s rising public debt, urging for tighter financial Kenya breaking news | Kenya news today |..
✨ Key Highlights
Treasury Cabinet Secretary John Mbadi has called for fiscal prudence in Kenya, warning of rising public debt and its implications for economic stability during the presentation of the 2025/2026 national budget estimates.
- Kenya's public debt has surpassed Sh10 trillion, limiting the government's ability to borrow further.
- Mbadi emphasized the need for strategic planning and discipline in public spending to avoid a fiscal crisis.
- The budget aims to balance revenue generation with economic growth, incorporating feedback from public consultations.
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