National Treasury and Economic Planning Cabinet Secretary John Mbadi on Thursday presented the 2026/2027 Budget Statement in Parliament, outlining the government's spending priorities amid growing pressure to stimulate economic growth, create jobs and address the rising cost of living.
Carrying the traditional budget briefcase, Mbadi arrived at Parliament Buildings in Nairobi to unveil a fiscal plan that seeks to balance development spending with the need for prudent debt management and increased revenue collection.
The budget places significant emphasis on supporting small and medium-sized enterprises (SMEs), expanding opportunities for young people, and strengthening economic activities in rural communities. The Treasury says the allocations are aimed at accelerating inclusive growth while cushioning vulnerable households from economic shocks.
Key sectors including education, healthcare, agriculture, infrastructure and social protection are expected to receive substantial funding as the government pursues its broader development agenda. The budget also outlines measures intended to boost local production, attract investment and improve service delivery across the country.
The 2026/2027 financial plan comes at a politically significant moment as leaders position themselves ahead of future electoral contests. Analysts note that increased attention to youth employment, entrepreneurship and rural development reflects the government's efforts to respond to public concerns over job creation and economic opportunities.
Mbadi defended the budget as a carefully crafted roadmap designed to sustain economic recovery, strengthen public finances and improve the livelihoods of Kenyans. He said the Treasury remains committed to maintaining fiscal discipline while supporting growth-oriented programmes.