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News10 June 2026 - 21:58

All set for 2026/27 budget as Treasury targets jobs, business growth

Treasury says the 2026/27 Budget will focus on jobs and business growth ahead of Thursday’s presentation

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by FELIX KIPKEMOI
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Treasury Principal Secretary Chris Kiptoo in final preparations for the budget reading at his office on June 10, 2026/X




The National Treasury has finalised preparations for the presentation of the 2026/27 Budget Statement, with Principal Secretary Chris Kiptoo saying the spending plan will focus on accelerating economic transformation, creating jobs, supporting businesses and improving the livelihoods of Kenyans.

The budget statement will be delivered to Parliament on Thursday by Treasury Cabinet Secretary John Mbadi amid growing expectations over how the government intends to balance fiscal consolidation with increased spending on key sectors of the economy.

Kiptoo said the Treasury had entered the final stages of preparation ahead of the highly anticipated presentation.

“Final preparations are underway for the FY2026/27 Budget Statement, which will be delivered to the nation on Thursday, 11th June 2026, by the Cabinet Secretary John Mbadi,” he said.



Treasury Principal Secretary Chris Kiptoo, with other Treasury officials in final preparations for the budget reading at his office on June 10, 2026/X





He added that the budget has been crafted against the backdrop of the government’s broader economic agenda aimed at sustaining growth, attracting investment and creating opportunities for millions of Kenyans.

“As we conclude this important process, our focus remains on accelerating economic transformation, creating jobs, supporting businesses and improving the livelihoods of Kenyans,” Kiptoo said.

The statement signals the priorities expected to dominate the new financial year, including support for productive sectors, infrastructure development, industrialisation, and measures aimed at boosting private sector growth.

The budget comes at a time when the government is seeking to maintain economic momentum while containing public debt and reducing the fiscal deficit.

Treasury officials have repeatedly indicated that the administration's strategy is to stimulate economic activity through targeted investments while improving revenue collection and enhancing efficiency in public spending.



Treasury Principal Secretary Chris Kiptoo, with other Treasury officials in final preparations for the budget reading at his office on June 10, 2026/X



Kenyans will be keenly watching allocations to agriculture, manufacturing, health, education and infrastructure, sectors viewed as critical to job creation and economic expansion.

The budget is also expected to outline measures to support small and medium-sized enterprises, which remain a major source of employment, as well as initiatives aimed at attracting both local and foreign investment.

Attention will equally be on how the government intends to fund key flagship programmes under the Kenya Kwanza administration while maintaining fiscal discipline.

The presentation by Mbadi will provide the clearest indication yet of the government's spending priorities for the coming year and its strategy for sustaining economic growth amid global economic uncertainty and domestic demands for improved public services.

With pressure mounting to create jobs, lower the cost of doing business and improve household incomes, the 2026/27 Budget Statement is expected to set the tone for Kenya's economic direction over the next financial year.

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