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"content": "Hon. Members, you will only cheer by thumping your feet, but not by verbal expressions. Hon. Members, I now interrupt the business of the House to allow the Cabinet Secretary to make a public Pronouncement of the Budget Policy Highlights and Revenue-Raising Measures for the National Government for the Financial Year 2025/2026. The Cabinet Secretary for the National Treasury and Economic Planning, Hon. FCPA John Mbadi Ng’ongo, EGH, is now invited to proceed."
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"content": "I thank you, Hon. Members."
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"content": "PRONOUNCEMENT OF THE BUDGET HIGHLIGHTS"
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"content": "BUDGET POLICY HIGHLIGHTS AND REVENUE-RAISING MEASURES FOR THE NATIONAL GOVERNMENT FOR FY 2025/2026"
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"type": "speech",
"speaker_name": "Hon. John Mbadi",
"speaker_title": "The Cabinet Secretary for the National Treasury and Economic Planning",
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"content": " Thank you, Hon. Speaker and Hon. Members of the National Assembly, for granting me this opportunity to read the Budget Highlights and Revenue-Raising Measures for the Financial Year 2025/2026. It is with great honour and privilege that I present to this esteemed House and the people of Kenya the Budget Statement for the Financial Year 2025/2026. I make this Statement in compliance with Section 40 of the Public Finance Management Act, Cap. 412A and Standing Order 244C of the National Assembly. These legal provisions give life to the binding constitutional requirements of good governance to which the President and certainly the National Treasury and Economic Planning remain fully committed to. At the outset, allow me to express my sincere gratitude to His Excellency Hon. (Dr) William Samoei Ruto, the President of the Republic of Kenya and Commander in Chief of the Defence Forces, for the trust he bestowed upon me by appointing me the Cabinet Secretary for the National Treasury and Economic Planning to provide leadership in economic and financial affairs of our country. I remain mindful of the aspirations and high expectations of Kenyans as I serve in this office."
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"content": "(Applause)"
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"type": "speech",
"speaker_name": "Hon. John Mbadi",
"speaker_title": "The Cabinet Secretary for the National Treasury and Economic Planning",
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"content": "The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
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"type": "speech",
"speaker_name": "Hon. John Mbadi",
"speaker_title": "The Cabinet Secretary for the National Treasury and Economic Planning",
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"content": "The Constitution protects realisation of economic, social and cultural rights which include the rights to adequate food, housing, education, health, social security, take part in cultural life, water and sanitation, and work. This Budget speaks to these rights and reaffirms the priority policies and strategies aimed at stimulating economic recovery articulated in the Bottom-Up Economic Transformation Agenda (BETA), while highlighting the achievements over the past two-and-a-half years in enhancing the livelihoods of Kenyans. At its core, BETA has adopted a value chain approach, focusing on strategic investment in areas that generate the highest impact, particularly in job creation and income generation at the grassroots level. Significant successes have been achieved through targeted interventions and structural reforms. These measures have laid a solid foundation for economic recovery and set us on a path towards long-term growth and stability. Let me mention a few achievements under BETA. Firstly, the Kenyan economy has remained resilient and registered an average growth of 5.2 per cent for the period between 2023 and 2024, outpacing both global growth of 3.3 per cent and 3.8 per cent for the sub-Saharan Africa region over the same period. Other macroeconomic fundamentals such as inflation and exchange rate have strongly rebounded and are projected to remain stable."
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"content": "(Applause)"
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