Treasury Principal Secretary Chris Kiptoo, representing Cabinet Secretary John Mbadi, shared the outlook during a consultative session with the National Assembly’s Budget and Appropriations Committee in Mombasa on Friday. The meeting, chaired by committee chairperson Samuel Atandi, focused on reviewing the implementation of the 2024/25 financial year budget.
Kiptoo attributed the positive economic trajectory to improved agricultural productivity, a recovery in the industrial sector, and resilience within the services industry. “Our economy continues to demonstrate resilience and potential in a dynamic global environment. This growth trajectory reflects the effectiveness of government reforms and the commitment to supporting key sectors,” he stated.
The session also provided updates on revenue and expenditure performance, the execution of priority projects, and fiscal policy measures guiding budget implementation. Treasury officials highlighted challenges such as delays in fund disbursements, pending bills, and the ongoing transition to accrual accounting.
Kiptoo emphasized the importance of aligning fiscal policy with the government’s development priorities while ensuring prudent use of public resources. He noted that budget monitoring and review mechanisms were being strengthened to promote transparency and accountability.
Other discussions during the meeting included the Equalisation Fund, the County Government Additional Allocation Bill, and the macroeconomic and fiscal framework underpinning the 2025/26 budget. Kiptoo stressed that platforms bringing together policymakers, legislators, and Treasury officials were vital for bridging implementation gaps and enhancing oversight. “These engagements provide an opportunity to take stock of progress, identify emerging challenges, and ensure that the budget delivers tangible results to Kenyans in all regions,” he said.
The Budget and Appropriations Committee welcomed the Treasury’s report, affirming Parliament’s continued role in ensuring fiscal discipline and effective delivery of public services. The consultative meeting comes at a time when the government faces the challenge of balancing ambitious development spending with debt management and fiscal prudence.
With agriculture, industry, and services driving growth, Kenya appears well-positioned to maintain stability and sustain economic expansion despite global uncertainties.
