Budget: Key policy pronouncements by Mbadi - highlights - Business Daily

Author: BD TeamPublished on: June 11, 2026Country: Kenya

Business & Economy

Budget: Key policy pronouncements by Mbadi - highlights - Business Daily

National Treasury Cabinet Secretary John Mbadi presented the Sh4.82 trillion budget for the 2026/27 financial year to Parliament on Thursday. He cut the 2026 growth forecast to 5.0% due to the Middle East conflict. The current account deficit is expected to widen to 3.0% of GDP in 2026. Reforms include mandatory electronic procurement from July 2026, an extension of the bank minimum core capital deadline to 2032, and a Sh3.9 billion allocation for village elders' stipends.

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