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Originally published by Nation Newstop
May 25, 2026
11h ago
Treasury should heed MPs’ caution on budget
The government should consider scaling down expenditure instead of borrowing more...
✨ Key Highlights
Kenyan lawmakers are cautioning the National Treasury against its Sh4.82 trillion budget for the 2026/27 financial year, citing the risks posed by rising public debt and high oil prices amid global instability.
- The proposed budget is deemed potentially unsustainable due to escalating fuel prices caused by the conflict involving the United States and Israel against Iran.
- Key stakeholders include the Members of the National Assembly Committee on Finance and National Planning who fear increased debt burden.
- Noteworthy details include a reduced economic growth forecast to 4.8 per cent and a public debt already at 65.3 per cent of GDP, exceeding the statutory ceiling.
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