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.
Continue Reading
Read the complete article from Nation Business
Part of the Day's Coverage
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.
Kenya's news, briefed daily
Daily Briefs with audio, your topics, and breaking stories.
Take Kenya's news with you
Breaking stories, daily briefs, and the topics you follow - on your phone, free.
