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UPDATE: Kenya's 2026/27 Fiscal Framework The stalemate on the Equitable Share allocation for 2026/27 has been resolved. Kes 428.0 billion has been arrived at as the mutually agreed upon allocation for the financial year starting July 1st, 2026. This 1.9% increase to the planned Equitable Share allocation, considering no...

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Julians Amboko

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28,128 views • 2 months ago •via X (Twitter)

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Supplementary Budget I pushed the 2025/26 fiscal deficit up to Kes 1.3 trillion (6.8% of GDP), bumping up net domestic borrowing to Kes 998.6 billion, 57.3% higher than earlier planned. I asked the Governor of the Central Bank of Kenya to what extent he feels that fiscal dominance now threatens the declining yield environment. Dr. Thugge says: · The pressure on domestic yields shouldn't be much because net domestic borrowing stands at ~ Kes 850.0 billion · Effectively, the Central Bank has already front-loaded a tidy piece of the borrowing & remains with ~ Kes 148.6 billion to meet the Supplementary Budget I target · Part of the reason why Kenya has sought additional financing from the World Bank (i.e. > the US$750.0 Million DPO VII allocation) is to ensure that the pressures from Supplementary Budget I don't weigh too heavily on the domestic market
2:12

Supplementary Budget I pushed the 2025/26 fiscal deficit up to Kes 1.3 trillion (6.8% of GDP), bumping up net domestic borrowing to Kes 998.6 billion, 57.3% higher than earlier planned. I asked the Governor of the Central Bank of Kenya to what extent he feels that fiscal dominance now threatens the declining yield environment. Dr. Thugge says: · The pressure on domestic yields shouldn't be much because net domestic borrowing stands at ~ Kes 850.0 billion · Effectively, the Central Bank has already front-loaded a tidy piece of the borrowing & remains with ~ Kes 148.6 billion to meet the Supplementary Budget I target · Part of the reason why Kenya has sought additional financing from the World Bank (i.e. > the US$750.0 Million DPO VII allocation) is to ensure that the pressures from Supplementary Budget I don't weigh too heavily on the domestic market

Julians Amboko

14,087 views • 3 months ago

President William Ruto has this morning signed the Supplementary Appropriations II 2024/25 into law. What are seeing here? · Recurrent spending increases by Kes 138.87 billion · Development spending decreases by Kes 25.0 billion · Total national government ministerial expenditure increases by Kes 113.87 billion · Judiciary budget increases by Kes 470.0 million Overall changes to the 2024/25 budget: · Budget net redemptions stands at Kes 3.991 trillion (in essence, we pretty much are back to where we were in the initial 2024/25 budget...did we really need Supp. I?) · Fiscal deficit widens to Kes 875.54 billion (the tabled Supp. II had put this at Kes 862.47 billion) · Fiscal deficit as a % of GDP 5.02% (the tabled Supp. II budget had put this at 4.97% of GDP) · There was a deal with the IMF that the fiscal deficit would not exceed 4.3% of GDP in 2024/25 (earlier ceiling was actually 4.0%, then Finance Bill 2024 collapsed)...but why would we care now? We've pulled the plug on the 9th Review
1:50

President William Ruto has this morning signed the Supplementary Appropriations II 2024/25 into law. What are seeing here? · Recurrent spending increases by Kes 138.87 billion · Development spending decreases by Kes 25.0 billion · Total national government ministerial expenditure increases by Kes 113.87 billion · Judiciary budget increases by Kes 470.0 million Overall changes to the 2024/25 budget: · Budget net redemptions stands at Kes 3.991 trillion (in essence, we pretty much are back to where we were in the initial 2024/25 budget...did we really need Supp. I?) · Fiscal deficit widens to Kes 875.54 billion (the tabled Supp. II had put this at Kes 862.47 billion) · Fiscal deficit as a % of GDP 5.02% (the tabled Supp. II budget had put this at 4.97% of GDP) · There was a deal with the IMF that the fiscal deficit would not exceed 4.3% of GDP in 2024/25 (earlier ceiling was actually 4.0%, then Finance Bill 2024 collapsed)...but why would we care now? We've pulled the plug on the 9th Review

Julians Amboko

42,636 views • 1 year ago

UPDATE: Supplementary Budget III 2024/25 approved by National Assembly Supplementary Budget III sailed through the National Assembly this morning. Quite some changes from what we saw come from the National Treasury. Here's the summary: · National Treasury had proposed a Kes 37.58 billion increase in recurrent spending via Supp. Budget III, the National Assembly has approved Kes 39.11 billion · National Treasury had proposed a Kes 18.63 billion cut in development spending via Supp. Budget III, National Assembly has approved a much leaner cut at Kes 3.38 billion · Overall, the National Treasury had proposed an overall increase of Kes 25.03 billion increase in the size of the budget (i.e. Supp. III vs Supp. II), National Assembly has bumped this up further to Kes 35.74 billion · So whereas National Treasury's proposal sought to increase the 2024/25 budget to Kes 4.032 trillion compared to Supp. Budget II adjustments, the National Assembly's adjustments have now pushed it to Kes 4.042 trillion
1:20

UPDATE: Supplementary Budget III 2024/25 approved by National Assembly Supplementary Budget III sailed through the National Assembly this morning. Quite some changes from what we saw come from the National Treasury. Here's the summary: · National Treasury had proposed a Kes 37.58 billion increase in recurrent spending via Supp. Budget III, the National Assembly has approved Kes 39.11 billion · National Treasury had proposed a Kes 18.63 billion cut in development spending via Supp. Budget III, National Assembly has approved a much leaner cut at Kes 3.38 billion · Overall, the National Treasury had proposed an overall increase of Kes 25.03 billion increase in the size of the budget (i.e. Supp. III vs Supp. II), National Assembly has bumped this up further to Kes 35.74 billion · So whereas National Treasury's proposal sought to increase the 2024/25 budget to Kes 4.032 trillion compared to Supp. Budget II adjustments, the National Assembly's adjustments have now pushed it to Kes 4.042 trillion

Julians Amboko

43,761 views • 1 year ago

Fox: The administration is expecting a $2.1 trillion deficit for the 2026 fiscal year. That's up from $1.8 trillion the last fiscal year. Most of the increase is in defense spending.
0:32

Fox: The administration is expecting a $2.1 trillion deficit for the 2026 fiscal year. That's up from $1.8 trillion the last fiscal year. Most of the increase is in defense spending.

FactPost

64,186 views • 3 months ago

1. The Government of India remains fully committed to Tamil Nadu’s development. Budget allocation to the State has increased more than 8.5 times since 2014, reaching ₹7,611 crore in 2026–27.
1:33

1. The Government of India remains fully committed to Tamil Nadu’s development. Budget allocation to the State has increased more than 8.5 times since 2014, reaching ₹7,611 crore in 2026–27.

Ashwini Vaishnaw

84,782 views • 6 months ago

🚨 BIG BREAKING India has REDUCED its aid to Bangladesh in the Union Budget 2026–27, CUTTING the allocation from ₹120 crore to ₹60 crore amid concerns over the safety of minorities, particularly Hindus.
1:07

🚨 BIG BREAKING India has REDUCED its aid to Bangladesh in the Union Budget 2026–27, CUTTING the allocation from ₹120 crore to ₹60 crore amid concerns over the safety of minorities, particularly Hindus.

Megh Updates 🚨™

46,303 views • 6 months ago

Governor Sanwo-Olu presents a proposed ₦4.237 trillion budget for the 2026 fiscal year to the Lagos State House of Assembly.
0:55

Governor Sanwo-Olu presents a proposed ₦4.237 trillion budget for the 2026 fiscal year to the Lagos State House of Assembly.

Oyindamola🙄

88,677 views • 8 months ago

The government presented a budget framework paper for the financial year 2026/27 worth UGX 69.4 trillion, but the question remains around the priority areas for the next financial year. Hon. Ibrahim Ssemujju Nganda expounds. Sheila Tusiime #NBSLiveAt9 #NBSUpdates
6:48

The government presented a budget framework paper for the financial year 2026/27 worth UGX 69.4 trillion, but the question remains around the priority areas for the next financial year. Hon. Ibrahim Ssemujju Nganda expounds. Sheila Tusiime #NBSLiveAt9 #NBSUpdates

NBS Television

23,118 views • 6 months ago

The biggest market crash in history is approaching. I'm warning you now. This pattern has held for 26 years. And it has never been wrong. 1999 → Cash allocation: 50% 2007 → Cash allocation: 60% 2016 → Cash allocation: 60% 2026 → Cash allocation: 75% Every time Buffett increased his cash allocation, the market crashed.
0:20

The biggest market crash in history is approaching. I'm warning you now. This pattern has held for 26 years. And it has never been wrong. 1999 → Cash allocation: 50% 2007 → Cash allocation: 60% 2016 → Cash allocation: 60% 2026 → Cash allocation: 75% Every time Buffett increased his cash allocation, the market crashed.

MindOverMarkets

71,819 views • 27 days ago

For the record, Dr. Martin Wanyoike, Dr. Stephen Muhudhia, Dr. Florence Murila, Dr. David Silverstein, Visited President William Ruto on February 27, 2026, seeking his intervention to save Nairobi Hospital from imminent collapse due to management wrangles. Nairobi Hospital has been grappling with corruption and mismanagement by board membership. As it stands, the hospital owes supplies a whopping KES 4 billion, as well as its losses exceeding KES 3 billion.
3:54

For the record, Dr. Martin Wanyoike, Dr. Stephen Muhudhia, Dr. Florence Murila, Dr. David Silverstein, Visited President William Ruto on February 27, 2026, seeking his intervention to save Nairobi Hospital from imminent collapse due to management wrangles. Nairobi Hospital has been grappling with corruption and mismanagement by board membership. As it stands, the hospital owes supplies a whopping KES 4 billion, as well as its losses exceeding KES 3 billion.

Bianca™

17,580 views • 5 months ago

WATCH | Minister in the Presidency Khumbudzo Ntshavheni has tabled a R2.5 billion budget vote for the 2026/27 financial year. She also criticised calls to move the GCIS and MDDA from the Presidency to the Department of Communications and Digital Technologies.
2:42

WATCH | Minister in the Presidency Khumbudzo Ntshavheni has tabled a R2.5 billion budget vote for the 2026/27 financial year. She also criticised calls to move the GCIS and MDDA from the Presidency to the Department of Communications and Digital Technologies.

SABC News

22,010 views • 2 months ago

Today, I signed the City budget for Fiscal Year 2026–27, building on the progress we've made and investing in the work still ahead.
0:30

Today, I signed the City budget for Fiscal Year 2026–27, building on the progress we've made and investing in the work still ahead.

Mayor Karen Bass

21,929 views • 2 months ago

Final preparations for the Financial Year 2026/27 Budget Statement, which will be delivered to the Nation on Thursday, 11th June 2026, by the Cabinet Secretary, Hon. John Mbadi. #BETA #DeliveringThePlan
0:27

Final preparations for the Financial Year 2026/27 Budget Statement, which will be delivered to the Nation on Thursday, 11th June 2026, by the Cabinet Secretary, Hon. John Mbadi. #BETA #DeliveringThePlan

Dr Chris Kiptoo, CBS

44,473 views • 2 months ago

Why Finance Bill 2026 skipped PAYE bands adjustments National Treasury CS, John Mbadi, says that despite its absence in the Finance Bill 2026 Green Copy, adjustments to PAYE bands are not off the table & they will likely be factored in (key word here is 'likely'). Mbadi says that the headache the National Treasury has is that the proposed adjustment of bumping up the base from Kes 24,000 to Kes 30,000 & adjusting the rate downward for Kes 30,000 - Kes 50,000 would leave the Exchequer with a Kes 35.0 billion revenue gap. Musings... Sounds like a linear simulation that ignores the transmission of the additional disposable income into spending & additional indirect taxes (VAT, excises)
1:50

Why Finance Bill 2026 skipped PAYE bands adjustments National Treasury CS, John Mbadi, says that despite its absence in the Finance Bill 2026 Green Copy, adjustments to PAYE bands are not off the table & they will likely be factored in (key word here is 'likely'). Mbadi says that the headache the National Treasury has is that the proposed adjustment of bumping up the base from Kes 24,000 to Kes 30,000 & adjusting the rate downward for Kes 30,000 - Kes 50,000 would leave the Exchequer with a Kes 35.0 billion revenue gap. Musings... Sounds like a linear simulation that ignores the transmission of the additional disposable income into spending & additional indirect taxes (VAT, excises)

Julians Amboko

37,405 views • 3 months ago

Last fall, when submitting the state budget for 2025, the Russian government promised a deficit of 1.2 trillion rubles ($14,2 billion). In reality, the deficit will be several times higher. Currently, the deficit is almost 5 trillion ($59,5 billion), and by the end of the year, it could reach 6-8 trillion ($95 billion). Now, when submitting the state budget for 2026, the deficit is estimated at 4.6 trillion rubles ($54,7 billion) already (a prognosis three times worse than for 2025).
0:35

Last fall, when submitting the state budget for 2025, the Russian government promised a deficit of 1.2 trillion rubles ($14,2 billion). In reality, the deficit will be several times higher. Currently, the deficit is almost 5 trillion ($59,5 billion), and by the end of the year, it could reach 6-8 trillion ($95 billion). Now, when submitting the state budget for 2026, the deficit is estimated at 4.6 trillion rubles ($54,7 billion) already (a prognosis three times worse than for 2025).

Anton Gerashchenko

173,165 views • 10 months ago

LOOK: The proposed P6.793 trillion budget for 2026 has been formally turned over by the Department of Budget and Management to the House of Representatives. | via Tina Panganiban-Perez/GMA Integrated News
0:20

LOOK: The proposed P6.793 trillion budget for 2026 has been formally turned over by the Department of Budget and Management to the House of Representatives. | via Tina Panganiban-Perez/GMA Integrated News

GMA News

54,763 views • 1 year ago

Key take outs from the President William Ruto's address this morning regarding the transport sector strike: · He has ruled out the push for repeal of all taxes & levies attached to the price of petroleum products as a relief measure to Kenyans in the wake of runaway prices · He argues that going that route will adversely impact revenue collection, expand the fiscal deficit & undermine service delivery. · He says that the reduction of VAT on petroleum product from 16.0% to 8.0% has translated into Kes 14.4 billion worth of revenue forgone by the Exchequer · He says that a total of Kes 12.45 billion was spent in pump price stabilisation during the April - May pump price cycle · The President says that in the June 15th - July 14th pump price cycle, Energy and Petroleum Regulatory Authority has been directed to slash to price of Diesel by Kes 10.0/litre · Transport sector stakeholders say that the strike now moves from "suspended" to "called off"
2:52

Key take outs from the President William Ruto's address this morning regarding the transport sector strike: · He has ruled out the push for repeal of all taxes & levies attached to the price of petroleum products as a relief measure to Kenyans in the wake of runaway prices · He argues that going that route will adversely impact revenue collection, expand the fiscal deficit & undermine service delivery. · He says that the reduction of VAT on petroleum product from 16.0% to 8.0% has translated into Kes 14.4 billion worth of revenue forgone by the Exchequer · He says that a total of Kes 12.45 billion was spent in pump price stabilisation during the April - May pump price cycle · The President says that in the June 15th - July 14th pump price cycle, Energy and Petroleum Regulatory Authority has been directed to slash to price of Diesel by Kes 10.0/litre · Transport sector stakeholders say that the strike now moves from "suspended" to "called off"

Julians Amboko

124,810 views • 2 months ago

The first trailer for ‘THE CAT IN THE HAT’ animated movie has been released. In theaters on February 27, 2026.
2:13

The first trailer for ‘THE CAT IN THE HAT’ animated movie has been released. In theaters on February 27, 2026.

DiscussingFilm

3,960,881 views • 1 year ago