Treasury misses tax revenue target by nearly Sh7bn - July 2026

The National Treasury of Kenya narrowly missed its revised tax revenue target for the 2025/26 financial year, falling short by nearly Sh7 billion, indicating ongoing challenges in achieving revenue collection goals. National Treasury Cabinet Secretary John Mbadi has ruled out increasing government borrowing to finance the Sh4.82 trillion budget for the fiscal year 2026/27, despite a reduced revenue projection from the Finance Bill 2026. Separately, Kenya is considering a Sh27.8 billion biotechnology and pharmaceutical manufacturing park at Konza Technopolis to significantly reduce reliance on imported medicines and active pharmaceutical ingredients.