
Treasury Cabinet Secretary John Mbadi has advised on the possible solutions to Country’s debt burden.
Speaking during an engagement with Members of Parliament in Naivasha, Mbadi emphasized the need for fiscal consolidation, reducing public debt growth by broadening the revenue base, cutting non-priority expenditures, and strengthening social safety nets.
He noted that while challenges persist, there is a clear commitment to ensuring financial sustainability and economic resilience.
The Members of Parliament engaged with the CS on the state of the countries economy, focusing on macroeconomic developments, budget implementation, fiscal priorities, pending bills, and the upcoming FY 2025/26 budget.
National Assembly Speaker Moses Wetangula noted that the discussion was critical in ensuring Parliament exercises its oversight role effectively while shaping policies that drive sustainable economic growth while addressing cost of living challenges.
CS Mbadi assured Members that moving forward, economic planning will be anchored in data-driven decision-making.
This approach will ensure a balanced allocation of resources, prioritizing both constituency development and national programmes, with a special focus on uplifting rural areas that have long been left behind.
This session formed part of the broader mid-term parliamentary retreat, where lawmakers took stock of their legislative performance, addressed the implementation of Universal Health Coverage (UHC), and deliberated on improving public communication and accountability.
“As we move forward, Parliament remains committed to its oversight role, ensuring that policies and budgets translate into tangible benefits for the people we serve,” stated Wetangula.