Treasury Cabinet Secretary John Mbadi, has revealed that the Kenya’s economy is showing signs of growth and stability, thanks to strong export performance and good debt management
Speaking during the launch of the 2026/27 budget preparation process at the Kenyatta International Convention Centre (KICC) earlier today, Mbadi said the country’s fiscal position has improved, due to the timely debt servicing and rising export earnings.
He pointed to Kenya’s successful Eurobond repayment earlier this year, which he said helped avoid potential economic strain and reinforced investor confidence. “We made a timely Eurobond payment that eliminated rollover risk and signalled our commitment to responsible debt management,” Mbadi stated.
Mbadi noted that export growth has played an integral role in stabilising the economy, with sectors such as agriculture and manufacturing contributing to foreign exchange inflows. “The country is performing well because of growth in exports,” he added.
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Mbadi acknowledged that the upcoming budget (2026/2027 FY) is being formulated against a backdrop of global uncertainty. He cited rising trade barriers, tightening financial conditions and policy volatility as external factors that could impact Kenya’s fiscal planning. These challenges, he said, demand a more strategic approach to resource allocation.
“In the face of global headwinds, we must eliminate inefficiencies, duplication, and misallocation in our spending,” Mbadi stated,
He also reaffirmed the government’s commitment to public participation in the budget making process, describing it as a cornerstone of fiscal policy.
Mbadi further assured Kenyans that their input would continue to shape national priorities, especially as the government balances completing demands with limited resources
“We are committed to ensuring that citizens have a voice in how resources are allocated. Public participation remains central to our fiscal framework,” Mbadi said.
By Masaki Enock
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