Mbadi heads to Parliament for budget reading

Treasury Cabinet Secretary John Mbadi is heading to Parliament to deliver the 2026/27 national budget, a significant financial plan totaling Sh4.84 trillion.

Mbadi departed the Treasury building in the afternoon, pausing briefly for a photo opportunity with staff before commencing his journey. He was accompanied by his Principal Secretary Chris Kiptoo and Central Bank of Kenya Governor Kamau Thugge. The presentation is a high-profile event, marked by a substantial police presence around Parliament and on access routes.

Accompanying Mbadi was the traditional black leather briefcase, a symbol of the budget presentation, carried by Treasury Cabinet Secretaries. His vehicle was escorted by police officers and Treasury staff members.

According to budget estimates, the government projects revenue collection of Sh3.67 trillion. This includes Sh2.9 trillion from ordinary revenue, Sh644 billion from aid, and Sh44 billion in grants. The budget faces a deficit of Sh1.17 trillion, which the government intends to cover through borrowing. Domestic borrowing is expected to provide Sh995.7 billion, while Sh116.2 billion will come from external lenders.

Expenditure priorities reveal that debt repayment will consume the largest portion of the budget, amounting to Sh1.3 trillion. This highlights the significant financial commitment to servicing national debt.