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Originally published by Nation Business
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business
June 11, 2026
1mo ago

Live Blog: CS Mbadi reads 2026/27 Budget in Parliament

Live Blog: CS Mbadi reads 2026/27 Budget in Parliament

This year's budget comes at a time of growing public scrutiny over government spending...

✨ Key Highlights

Cabinet Secretary Mbadi presented the 2026/27 Budget to Parliament on Thursday, June 11, 2026. This comes as an election year budget, facing a challenging global economic environment.

  • The budget is valued at Sh4.8 trillion.
  • Key figure involved is Cabinet Secretary Mbadi, presenting to Parliament.
  • Budget cuts are reportedly worsening conditions in prisons for both inmates and staff.

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Part of the Day's Coverage

CS Mbadi's Sh4.8 trillion tightrope - June 2026

National Treasury Cabinet Secretary John Mbadi presented the Sh4.82 trillion budget for the 2026/27 fiscal year, navigating fiscal consolidation efforts amidst mounting public debt and revenue challenges. The budget is heavily focused on infrastructure projects with reduced emphasis on new taxes, serving as a key campaign strategy for President William Ruto's re-election bid. This comes as the government also cut its 2026 economic growth forecast to 5 percent, down from 5.3 percent, due to the impact of the Middle East conflict on global energy markets and rising fuel costs. Additionally, the government is set to introduce the Planning Bill 2026 to create a legal framework for national planning and ensure budgets are aligned with development objectives.

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