John Mbadi Stories
The Ministry of Roads and Transport confirmed that toll charges will be structured to ensure affordability and that revenues collected will be reinves...
Mbadi said the claim that the National Treasury was diverting funds was completely out of tune with the normal budgetary process.
Jilo was among four candidates shortlisted for the interview by the selection panel for NPSC nominees.
Kenya has struggled to rein in its fiscal deficit and boost revenue collection, two of the main requirements of the IMF.
Kenya’s debt-to-GDP ratio stood at 65.7 per cent as of June 2024—well above the 55 per cent sustainability threshold.
Treasury Cabinet Secretary John Mbadi revealed that these unutilized funds continue to accrue commitment and interest fees.
Kenya needs continued support to keep its economy on track after its debt-servicing costs surged due to a borrowing spree over the past decade.
The correction comes amid increased monitoring of Kenya’s public finances, with legislators keen on ensuring budget transparency and fiscal discipline...
The Ouko-led committee is also mandated to establish clear criteria for verifying pending bills and identifying fraudulent claims, corruption, or fals...
To curb these losses, Mbadi revealed that the government has adopted a zero-based budgeting approach, requiring justification for every expenditure in...
MPs have raised concerns that the government lacks full control over eCitizen, relying on a private vendor for 18 critical functions. They argue that...
Counties with the highest amounts of unspent funds include Kisii, which has Sh3.46 billion sitting idle in the CRF account, while its development fund...
The supplementary budget, tabled in the National Assembly, increases Kenya's total budget for the financial year ending June to Sh3.56 trillion from S...
With revenue collection falling short of expectations, Treasury's decision to review its budget projections for the 2025-2026 fiscal year reflects the...
The widening gap between revenue and spending means the fiscal deficit is expected to rise to 5.7 per cent of GDP in 2025-26.
Despite these changes, no expenditure cuts have been announced for the current fiscal year, raising concerns that the budget deficit could increase by...
The mounting pending bills, compounded by the high cost of borrowing, have caused a severe cash flow crisis for private firms, particularly MSMEs.
