Tag Archives: John Mbadi

Kenyans may soon face higher costs at pharmacies, markets, and in their power bills if a series of proposed tax changes in the Finance Bill 2025 are approved by Parliament. The National Treasury, led by Cabinet Secretary John Mbadi, is pushing to widen the tax base by withdrawing VAT zero-rating …

National Treasury Cabinet Secretary John Mbadi has provided an update on the ongoing IMF Governance Diagnostics Program, which is set to conclude in October. Click here to join our WhatsApp Channel He expressed support for making the final report public, although the decision ultimately lies with the Cabinet. The program, …

National Treasury and Economic Planning Cabinet Secretary John Mbadi has confirmed that the 2025/26 national budget statement, including key revenue-raising proposals, will be presented to Parliament on Thursday, June 12, 2025. Click here to join our WhatsApp Channel In an interview held on April 18, Mbadi said the date was …

Parliament has summoned Treasury Cabinet Secretary John Mbadi to appear before the National Assembly on Wednesday, following a heated session where MPs strongly criticized ongoing delays in releasing the National Government Constituencies Development Fund (NG-CDF). Click here to join our WhatsApp Channel With the school term set to resume in …

National Treasury Cabinet Secretary John Mbadi has expressed concerns over the current devolution system in Kenya, which led to the creation of 47 counties. Click here to join our WhatsApp Channel According to Mbadi, the current structure is unsustainable, particularly due to the ballooning wage bill and mismanagement of resources. …

Treasury Cabinet Secretary John Mbadi has stated that there is no legal foundation for paying gratuity to former councilors. Click here to join our WhatsApp Channel During a Senate Plenary session on Wednesday, Mbadi explained that while there is no legal basis for the proposed gratuity payments, eligible individuals will …

Treasury Cabinet Secretary John Mbadi has stated that the government has improved the payslips of Kenyans. According to Mbadi, the tax relief measures will be reflected in the first pay slip of January. Speaking on Monday, he clarified that he defines a middle-class earner as someone earning between Sh60,000 and …

Kenya’s economy is expected to grow by 5.3% in 2025, as reported by the National Treasury. In the Budget Policy Statement for 2025, released in Nairobi on Wednesday, the Treasury indicated that this growth would be an improvement from 4.6% in 2024 and 5.6% in 2023. The economy shrank in …

National Treasury Cabinet Secretary John Mbadi has reaffirmed his unwavering loyalty to President William Ruto, highlighting the trust and confidence the President placed in him when appointing him to the critical finance docket. Speaking at a stakeholders’ meeting at the Kenya Medical Training College (KMTC) in Homa Bay County, Mbadi …

The Treasury Cabinet Secretary John Mbadi has clarified that the proposed 15% tax on social media and internet services is aimed at the owners of these platforms, not local users. In his defense of the tax, Mbadi argued that it is illogical for Kenyans to pay taxes for using social …