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Treasury CS Mbadi Presents Sh4.8 Trillion Budget Amid Scrutiny
Treasury Cabinet Secretary John Mbadi presented the 2026/27 National Budget before Parliament today, totaling KSh 4.8 trillion. The budget faces growing scrutiny over Mbadi's management of Kenya's economy, with Kenyans expressing skepticism particularly regarding the rising cost of living. The National Treasury aims to raise over KSh 3.63 trillion to fund this budget, with a significant deficit of approximately KSh 1 trillion. A stinging report unveiled a staggering Ksh 1.1 trillion deficit, raising serious concerns about Kenya's financial health. The National Assembly's Budget and Appropriations Committee Chairperson has underscored the critical need for strict adherence to budget plans to ensure fiscal discipline.
Kenyan Health Sector Receives Sh175.5 Billion for Universal Health Coverage
Treasury Cabinet Secretary John Mbadi has presented the 2026/27 National Budget, allocating KSh 175.5 billion to the health sector to inject new momentum into the Universal Health Coverage (UHC) initiative. The budget proposes relief measures impacting the cost of living, with significant allocations to health, agriculture, and housing sectors. However, challenges within the Strategic Health Authority (SHA) continue to raise concerns, even as the Kenyan health budget sees an increase. The health sector has received a significant financial boost aimed specifically at advancing the UHC agenda.
Education Sector Leads Budget Allocation Despite Challenges
The Kenyan Ministry of Education has been allocated a substantial budget of Ksh 784.5 billion for the upcoming financial year, marking one of the largest portions of the government's budget. The government has prioritized education in its budget allocation, despite ongoing challenges within the sector. The Kenyan Ministry of Education has received a significant allocation aimed at strengthening the education sector. Separately, the European Union Delegation to Kenya and Equity Group Foundation have partnered to broaden access to education and international learning, aiming to benefit high-achieving students within Kenya and the wider region.
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