CS Mbadi Defends Tough 2026/27 Budget Amid Economic Pressures
Mbadi said there is “no easy budget,” noting that this year’s spending plan has been shaped by a combination of external economic shocks. - Kenya breaking news | Kenya news today | Capitalfm.co.ke..
✨ Key Highlights
Treasury Cabinet Secretary John Mbadi has defended the challenging 2026/27 budget, citing significant economic pressures including external shocks, underperformance in revenue collection, and rising inflation.
- The budget is considered one of the most difficult in recent years due to difficult economic realities.
- Key individuals include CS John Mbadi, representing the Treasury.
- The budget aims to balance public expenditure, debt obligations, and demand for essential services amidst public calls for tax relief and lower commodity prices.
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CS Mbadi Defends Ksh4.8 Trillion Budget Amid Economic Pressures - June 2026
Treasury Cabinet Secretary John Mbadi defended the challenging 2026/27 budget of Ksh4.8 trillion, citing significant economic pressures including external shocks, underperformance in revenue collection, and rising inflation. He stated there would be no surprises as most revenue-raising proposals had already undergone public participation. CS Mbadi announced that ongoing KRA reforms are expected to boost tax collections without higher tax rates. He explained the government plans to address a Sh1.1 trillion deficit through revenue enhancement and expenditure rationalization. However, government spending outside approved budgets has jumped nearly sixfold to Sh276.99 billion in the first nine months of 2025/26, raising concerns about fiscal discipline. Kenyan government agencies have accumulated Sh465.87 billion in unpaid bills as of March 2026, amidst surging public debt of Sh12.82 trillion. Meanwhile, Peter Mbae is urging MPs to amend or reject the budget, blaming excessive government spending for increased borrowing.
