CS Mbadi presents Ksh.4.2 trillion budget in Parliament today

Treasury Cabinet Secretary John Mbadi is today expected to present the 2025/2026 budget at Parliament buildings in Nairobi.

President William Ruto’s government is set to spend over Ksh.4.2 trillion in the 2025/26 financial year, which the exchequer aims to finance through debt, ordinary revenue, grants, fees charged for government service, and borrowing.

Mbadi is expected to pronounce the revenue-raising measures, with a target of tax collection now set at Ksh.2.7 trillion, 64 percent of the funding required.

Treasury hopes to collect Ksh.560 billion in government levies and fees in the form of Appropriations-in-Aid.

This pushes the total revenue to Ksh.3.3 trillion, leaving a budget gap of nearly Ksh.900 billion.

At the same time, Kenya expects grants of Ksh.46.9 billion, leaving a Ksh.876 billion budget deficit to be financed through borrowing.

The government intends to borrow more than two-thirds of it locally—at Ksh.592 billion—and the other Ksh.284 billion externally.

It will be Mbadi’s first budget as the second finance minister under the Kenya Kwanza administration.