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Originally published by Nation Businessbusiness
July 21, 2026
6h ago
Mbadi rules out enhanced borrowing despite reduced revenue projection
The CS also ruled out the possibility of introducing new tax measures...
✨ Key Highlights
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. This decision comes despite a reduced revenue projection from the Finance Bill 2026.
- The projected additional revenue collection has been scaled down from Sh120 billion to Sh98 billion.
- CS Mbadi stated, "We have not lost much revenue following the amendments to the Finance Bill. No room for enhanced borrowing."
- The government will focus on managing the actual possible loss, estimated to be no more than Sh15 billion, rather than introducing new taxes or reducing expenditure.
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