Finance minister assures Kenyans country ‘people-driven budget’ that anchors economic resilience and prosperity
The cabinet secretary said the rejection of the 2024 Finance Bill spoke to the need for fiscal discipline, a reason that made the government to implement austerity measures and prioritised essential social sectors among them education, health and reinforcing the importance of prudent financial management and resource optimisation.
Kenya’s Controller of Budget says country collected Ksh3.99 trillion in the 2024-25 financial year
Margaret Nyakang’o urged the National Treasury to fast-track settlement of pending bills to ease cash flow pressures on businesses, improve planning to reduce reliance on Article 223 and strengthen monitoring of ministries to align expenditure with performance.
Finance minister admits economy is on ‘life support’ and warns Kenyans to brace for even harder times
On reforming state-owned enterprises (GOEs), the cabinet secretary stated that the proposed GOE Bill, 2025, would restructure about 60 commercial state entities to operate under the Companies Act, enabling them to focus on profitability and efficiency. The objective is to shift project development in these institutions from state-driven to private sector-led models, freeing up fiscal resources for social spending.
Kenya’s eating chiefs: Day President Ruto dismissed criticism of his unessential foreign tours and pilferage as ‘noise’
Enormous travel costs extend beyond the national level. Counties incur substantial expenses primarily consisting of domestic travel costs which together with foreign travel totalled Ksh15.4 billion in 2022/23.
