The National Treasury Cabinet Secretary will present a pre-election budget with a Sh1.1 trillion deficit as both the IMF and World Bank have held back funding, forcing the government to rely on domestic borrowing or new taxes. The World Bank has yet to disburse a Sh96.9 billion loan under its Development Policy Operation, with negotiations still ongoing.
11 June 2026 · The Standard →
Treasury Cabinet Secretary John Mbadi unveiled the 2026-27 budget on June 11, proposing Sh41.8 billion to cushion vulnerable Kenyans (including Sh24.6 billion for the elderly, Sh8.9 billion for orphans, and Sh1.5 billion for PWDs), alongside tax reforms including VAT exemptions on kidney dialyzers and bottled water, a 25 per cent excise duty on mobile phones, and allocations for universities, health, and infrastructure.
11 June 2026 · The Standard →
Treasury CS John Mbadi has arrived at Parliament to present the 2026/27 budget, valued at Sh4.84 trillion. The budget expects to raise Sh3.67 trillion while facing a deficit of Sh1.17 trillion to be financed through borrowing, with debt repayment consuming the largest share of expenditure at Sh1.3 trillion.
11 June 2026 · The Standard →