Africa-Press – Kenya. Kenya’s economy grew by 4.9 per cent in the first quarter of 2025, with projections indicating an expansion of 5.3 percent in both 2025 and 2026, according to the National Treasury.
Treasury Principal Secretary Chris Kiptoo disclosed on Friday while representing Cabinet Secretary for National Treasury John Mbadi during a consultative meeting with the National Assembly’s Budget and Appropriations Committee in Mombasa.
The session, chaired by committee chairperson Samuel Atandi, reviewed the progress of implementing the 2024/25 financial year budget.
Kiptoo attributed the positive outlook to improved agricultural productivity, recovery in the industrial sector, and resilience within the services industry.
He noted that these pillars were reinforcing Kenya’s economic stability despite global uncertainties.
“Our economy continues to demonstrate resilience and potential in a dynamic global environment. This growth trajectory reflects the effectiveness of government reforms and the commitment to supporting key sectors,” Kiptoo said.
During the meeting, Treasury officials presented updates on revenue and expenditure performance, the execution of priority projects, and fiscal policy measures guiding budget implementation.
Challenges such as delays in disbursements, pending bills, and the transition to accrual accounting were also highlighted.
The PS underscored the importance of aligning fiscal policy with the government’s development priorities while ensuring prudent use of public resources.
He said budget reviews and monitoring mechanisms were being strengthened to promote transparency and accountability.
Other agenda items included updates on the Equalisation Fund and the County Government Additional Allocation Bill, as well as discussions on the macroeconomic and fiscal framework underpinning the upcoming 2025/26 budget.
Kiptoo stressed that forums bringing together policymakers, legislators, and Treasury officials were crucial in bridging policy implementation gaps and enhancing oversight.
“These engagements provide an opportunity to take stock of progress, identify emerging challenges, and ensure that the budget delivers tangible results to Kenyans in all regions,” he said.
The Budget and Appropriations Committee welcomed the progress report.
It noted that Parliament would continue exercising oversight to ensure fiscal discipline and effective delivery of services.
The consultative meeting comes at a time when the government is under pressure to balance ambitious development spending with the need to contain debt and manage expenditure within a challenging fiscal environment.
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