The Cabinet Secretary for Finance John Mbadi has reaffirmed his commitment to supporting President William Ruto’s administration, highlighting efforts to stabilise the economy and enhance service delivery.
He acknowledged the challenges facing the country’s economy but emphasised progress in key areas, including debt management and inflation control.
The CS while speaking in Ndhiwa Constituency of Homa Bay County outlined measures aimed at fostering financial stability, such as clearing county arrears and ensuring timely payment of workers.
He reiterated the government’s commitment to reducing the tax burden to ease the economic strain on citizens.
Mbadi pointed out improvements under the current administration adding that borrowing rates, previously at 17%, have been reduced to 11%, and inflation has been curbed to 2.8%.
He said efforts are also underway to lower the GDP-to-debt ratio from 8.1% to below 3%, signifying a push towards sustainable economic growth.
Mbadi called on stakeholders to focus on collaborative efforts to strengthen Kenya’s financial standing and deliver better outcomes for citizens.
Reporting by Basil Okoth
