Kenya walks fiscal tightrope in $37 billion budget

Kenya’s Treasury Cabinet Secretary John Mbadi presents the Budget for the 2026/27 fiscal year in Parliament on June 11, 2026. 

Photo credit: Dennis Onsongo | Nation Media Group

Kenya’s Treasury Cabinet Secretary John Mbadi outlined tax measures to finance Ksh4.82 trillion ($37.2 billion) budget for the 2026/27 fiscal year on Thursday. The spending plan comes as the government grapples with weaker revenue collection, rising debt obligations, volatility in international financial markets and economic disruptions linked to the conflict in the Middle East.

Budget snapshot