Cabinet Secretary for the National Treasury and Economic Planning, John Mbadi, is set to deliver the Budget Statement for the Fiscal Year 2025/26 on Thursday, June 12, 2025, at 3:00 p.m.
In a public notice published in MyGov on Tuesday, June 3, 2025, the National Treasury informed the public that the upcoming address will be held at the Parliament Buildings.
“This is to notify the general public that the Budget Statement for the FY 2025/26 will be delivered by the Cabinet Secretary for the National Treasury and Economic Planning on Thursday, 12th June, 2025, from 3:00 p.m. in Parliament,” the notice reads.
Mbadi on 2025/26 budget
This notice follows Mbadi’s recent statement that the government will revise its 2025/26 budget proposal to reflect the country’s underperforming revenue and tighter fiscal space, following a year marked by economic disruption and missed targets.
Speaking during an interview on a local media station on May 23, 2025, Mbadi painted a sobering picture of Kenya’s current economic outlook, citing reduced revenue collection, unmet IMF conditions, and rising expenditure pressures.
These, he said, are among the key constraints affecting the 2025/26 budget-making process.
“You will observe that this financial year, 2024/25, was a very tough one. You remember the events of last year; we lost the Finance Bill, which had a major impact. We also shut down the economy for two to three months, and that has long-term effects,” he said.
Revenue collections
The Treasury CS revealed that by the end of April 2025, the Kenya Revenue Authority had collected Ksh2.12 trillion, adding that as of May 20, 2025, the figure had risen to Ksh2.25 trillion.
Guided by this, the treasury estimates that it will close the fiscal year at around Ksh2.4 trillion, significantly below earlier targets.
“That clearly, if you project, you see we may fall short of earlier projected or revised revenue targets, which we have been revising as we move forward because of uncertainty around the performance of the economy,” he explained.
“There are other shocks, external shocks like the pronouncement from the world-leading economy. And look, the IMF has revised downwards the world outlook in terms of performance. Our own GDP performance has also been below the earlier projections. Our revenue collections have been short of target, and we have been trying to monitor to see how we are performing. And so, where we are, we have a more realistic and clear view,” he stated.
