The Official Launch of the Fy 2027/28 Medium-Term Budget Preparation Process

The National Treasury held the Public Sector Hearings for the Financial Year (FY) 2027/28 and Medium-Term Budget at the Kenyatta International Convention Centre (KICC) on Friday, 9th October, 2026.

The  three day public participation hearings provide a platform for aligning public spending with National development priorities and promoting inclusive and sustainable economic growth.

In a speech read on his behalf by The National Treasury Principal Secretary Dr. Chris Kiptoo, the Cabinet Secretary Hon. FCPA John Mbadi underscored Kenya's economic resilience, noting that the economy grew by an average of 5% between 2022 and 2025. Real Gross Domestic Product (GDP) growth rose to 5.3% in the first quarter of 2026, up from 4.9% in the same period in 2025.

The CS highlighted that the FY 2027/28 budget would prioritize Bottom-Up Economic Transformation Agenda (BETA) and the Fourth Medium Term Plan (MTP IV), focusing on domestic revenue mobilization, efficient public spending, debt sustainability and protection of essential government programmes.

On his end, the Economic Planning Principal Secretary, Dr. Bonface Makokha reported that BETA implementation had recorded overall progress of 66.1%. He highlighted the role of economic statistics, grassroots data collection and Gumzo la Uchumi Mashinani forums in ensuring development planning reflects Citizens’ priorities.

He also urged Ministries, Departments and Agencies to strengthen monitoring and evaluation to improve programme implementation and delivery of results.

Moreover, the National Assembly’s Budget and Appropriations Committee Chairperson, Hon. Samuel Atandi, underlined public finance reforms, including e-procurement, the Single Treasury Account and zero-based budgeting.

Ultimately, He called for adequate funding for the Independent Electoral and Boundaries Commission (IEBC) ahead of the 2027 General Elections.

In attendance were: State department for parliamentary Affairs Principal Secretary Dr.Aurelia Rono, Economic Planning Director General Dr.Masini Ichwara, Accounting Officers, Development partners, Representatives from Ministries, Departments and Agencies, among other Stakeholders.