IBEC Meeting
Today, Cabinet Secretary Hon. FCPA John Mbadi and PS Dr. Chris Kiptoo participated in the 29th Ordinary Session of the Intergovernmental Budget and Economic Council (IBEC), where they reaffirmed the Government’s commitment to strengthening macroeconomic stability, revitalising productive sectors, and expanding access to affordable financing.
These deliberate policy interventions are aimed at safeguarding livelihoods, stimulating business activity, and sustaining economic growth.
To advance long term development and support Kenya’s transition to a high income, globally competitive economy, the strategic deployment of the National Infrastructure Fund remains a key policy anchor, enabling the mobilisation of additional financing for priority investments.
Held at the Deputy President’s Residence in Karen and chaired by H.E. the Deputy President, Prof. Kithure Kindiki, the session brought together national and county leadership to deliberate on key fiscal and economic policy matters.
During the session, the Cabinet Secretary presented the County Allocation of Revenue Bill, 2026, the County Governments Additional Allocations Bill, the 2026 Budget Policy Statement, and the Medium-Term Debt Management Strategy.
The CS also outlined measures to strengthen public finance management, deepen intergovernmental fiscal relations, and assured County Governments of timely and predictable disbursements.