National Treasury CS updates MPS on State Of The Economy
𝐍𝐀𝐓𝐈𝐎𝐍𝐀𝐋 𝐓𝐑𝐄𝐀𝐒𝐔𝐑𝐘 𝐂𝐒 𝐔𝐏𝐃𝐀𝐓𝐄𝐒 𝐌𝐏𝐒 𝐎𝐍 𝐒𝐓𝐀𝐓𝐄 𝐎𝐅 𝐓𝐇𝐄 𝐄𝐂𝐎𝐍𝐎𝐌𝐘
𝐍𝐚𝐢𝐯𝐚𝐬𝐡𝐚, 𝐍𝐚𝐤𝐮𝐫𝐮 𝐂𝐨𝐮𝐧𝐭𝐲
𝐓𝐡𝐮𝐫𝐬𝐝𝐚𝐲, 𝟑𝟎𝐭𝐡 𝐉𝐚𝐧𝐮𝐚𝐫𝐲 𝟐𝟎𝟐𝟓
The National Treasury and Economic Planning Cabinet Secretary, FCPA Hon. John Mbadi, appeared before the Members of the National Assembly on the final day of the 2025 Mid -Term Retreat.
As a people we can only turn the economic fortunes of this country if we continuously engage candidly and openly and on the country's state of affairs reflecting on our gains and lows. This helps in formulating people driven policies, said CS Mbadi in his opening statement during an engagement with Members of the National Assembly on the country's economic outlook, which the current indicators showing a positive trajectory as shown by the latest Moody's ratings.
The New York based cooperation rating's moved Kenya from negative to positive. This is attributed to; strong shilling which has stabilised the dollar exchange rate, a drop in inflation, reduced fiscal deficit, key policy reforms and interventions at the Treasury, among others.
This track record has undoubtedly created investor confidence and thus increasing Kenya's concessional and commercial external fund which will go along way to easing Kenya's liquidity risks and improving debt sustainability metric.
The following are among the areas MPs were critical on; equity in resource allocation across the country during budget making process, need to widen our internal revenue collection to cure over borrowing appetite, financial discipline, projecting achievable revenue targets, timely disbursement of CDF fundings, employees' renumeration in the country especially health and education sectors.
He was accompanied by the Principal Secretary for Economic Planning Mr. James Muhati, CBS.