Kenyan workers earning below Ksh.30,000 monthly will not receive the anticipated PAYE tax exemption in the 2026/2027 Budget, despite promises by President Ruto and Treasury CS John Mbadi. The relief had been expected by more than one million employed Kenyans.
11 June 2026 · Citizen Digital →
Treasury Cabinet Secretary John Mbadi says Kenya is exploring debt-for-food and debt-for-development swaps, where creditors would forgive part of Kenya's debt in exchange for investments in food production, infrastructure, and other development sectors.
11 June 2026 · Citizen Digital →
Treasury CS John Mbadi presented a Ksh4.8 trillion national budget for 2026/27, expecting total revenue of Ksh3.631 trillion and facing a deficit of Ksh1.146 trillion to be financed through external and domestic borrowing alongside new tax reforms across VAT, income tax, excise duty, and customs duty.
11 June 2026 · Citizen Digital →
The National Treasury recommended raising the 2026/2027 budgetary allocation to the Sports Fund to Ksh 25.2 billion, up from Ksh 13.5 billion in the previous fiscal year. The increase supports Kenya's co-hosting of the Africa Cup of Nations 2027 and the government's broader goals of youth empowerment and sports development.
11 June 2026 · Citizen Digital →
The National Treasury has disbursed Sh87 billion through the Hustler Fund since its 2022 launch, reaching 28 million accounts and extending formal financial services to millions previously lacking credit access. Treasury Cabinet Secretary John Mbadi said the fund has brought millions into the formal financial ecosystem, including 4.5 million Kenyans who were previously listed on credit reference bureaus and are now building formal credit records.
11 June 2026 · Capital News →
Treasury Cabinet Secretary John Mbadi said there are "no surprises" in the 2026/2027 national budget, as most revenue-raising proposals have been public since April following constitutional requirements for public participation. He warned that the budget was prepared amid difficult global economic conditions, including Middle East tensions and disruption to fuel prices and trade.
11 June 2026 · Capital News →
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 →
The government has allocated Sh177.2 billion to the health sector in the 2026/27 budget, an increase of about Sh37.5 billion from the current financial year, with funding directed at advancing Universal Health Coverage, strengthening service delivery, and supporting programmes for communicable diseases, healthcare workforce development, and primary care.
11 June 2026 · The Standard →
The National Treasury has proposed Sh784.5 billion for education in the 2026/27 budget, the largest single-sector allocation, distributed across basic education, universities, technical training, and teacher recruitment. The Teachers Service Commission receives the largest share at Sh424.3 billion, followed by higher education at Sh163.9 billion.
11 June 2026 · The Standard →
The 2026/27 Budget proposals by Treasury Cabinet Secretary John Mbadi include Sh64 billion for the agriculture sector to boost productivity, value addition and resilience, with key investments in fertiliser subsidies (Sh18 billion), seed subsidies (Sh2 billion), and climate resilience programmes. The plan also includes VAT exemptions on essential goods and higher taxes on sugary drinks and tobacco as public health measures.
11 June 2026 · The Standard →
The government has defended its fiscal strategy, saying the national budget deficit remains a concern but is gradually declining compared to last year. Treasury is introducing alternative financing measures, including the National Infrastructure Fund, to bridge the gap.
11 June 2026 · The Standard →