Treasury Cabinet Secretary John Mbadi has praised President William Ruto’s government for stabilizing Kenya’s economy and initiating development projects across the country.
Speaking in Migori on Sunday, Mbadi described his tenure at the Treasury as a period of recovery from a severe cash crisis that had previously hampered government operations.
Mbadi explained that when he assumed office, the Treasury faced significant challenges, with limited funds to cover salaries, recurrent expenditures, and loan repayments.
Mbadi explained that when he assumed office, the Treasury faced significant challenges, with limited funds to cover salaries, recurrent expenditures, and loan repayments.
“Last year, when I was appointed to Treasury, there were days when my team and I were unsure whether we could pay salaries or meet debt obligations. This uncertainty affected the shilling and the confidence of Kenyans in our economy,” he said.
The CS emphasized that through strategic interventions and the support of the President, the Treasury has successfully turned around the country’s financial situation.
The CS emphasized that through strategic interventions and the support of the President, the Treasury has successfully turned around the country’s financial situation.
He highlighted measures such as de-risking loans due in 2027 and implementing policies to stabilize the shilling, which have contributed to restoring confidence in Kenya’s economy.
Mbadi also pointed to tangible development achievements under the Ruto administration. He cited the upgrade of Jaramogi Oginga Odinga Teaching and Referral Hospital from a level five to a level six facility, noting that the hospital’s budget increased from Ksh.500 million to Ksh.3 billion.
Mbadi also pointed to tangible development achievements under the Ruto administration. He cited the upgrade of Jaramogi Oginga Odinga Teaching and Referral Hospital from a level five to a level six facility, noting that the hospital’s budget increased from Ksh.500 million to Ksh.3 billion.
These investments, he explained, are part of broader efforts to improve public service delivery and healthcare infrastructure in the Nyanza region.
In addition, Mbadi outlined regional development projects aimed at benefiting Migori County, where initiatives worth Ksh.2.3 billion are set to enhance local infrastructure, improve social services, and create economic opportunities.
In addition, Mbadi outlined regional development projects aimed at benefiting Migori County, where initiatives worth Ksh.2.3 billion are set to enhance local infrastructure, improve social services, and create economic opportunities.
He urged communities to recognize the progress made and to support the government’s ongoing development agenda.
The CS acknowledged that critics often compare the current administration to previous governments. However, he stressed that the progress achieved reflects deliberate efforts to stabilize public finances and implement development projects after years of economic uncertainty.
The CS acknowledged that critics often compare the current administration to previous governments. However, he stressed that the progress achieved reflects deliberate efforts to stabilize public finances and implement development projects after years of economic uncertainty.
“We have stabilized the economy, addressed past financial challenges, and laid the foundation for sustainable growth,” Mbadi said.
Economic analysts have noted that the Treasury’s improved financial management under Mbadi has helped maintain government operations without disrupting service delivery.
Economic analysts have noted that the Treasury’s improved financial management under Mbadi has helped maintain government operations without disrupting service delivery.
This includes timely salary payments for civil servants, debt management, and strategic allocation of funds to priority sectors such as healthcare and infrastructure.
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