Kenya has launched the 31st edition of the Kenya Economic Update and the Public Finance Review Report, with a renewed commitment to inclusive fiscal policy, sustainable growth and economic resilience.
The Cabinet Secretary (CS) for the National Treasury and Economic Planning, John Mbadi said Kenya remains committed to sound fiscal policy and economic recovery through strategic reforms and effective public finance management, despite ongoing global and local fiscal challenges. "At the heart of our Bottom-Up Economic Transformation Agenda is the commitment to strengthen economic activity by bringing down the cost of living, creating jobs and fostering inclusive growth," said Mbadi.
The CS made the remarks on Tuesday at the launch, held at the University of Nairobi which brought together senior government officials, development partners, representatives from the International Monetary Fund and International Finance Corporation, the diplomatic community, economists, students and academicians.
Mbadi said the report was vital as it addresses need to enhance public debt management, increase domestic revenue collection and promote efficient spending through e-procurement and have digitalized pension systems and zero-based budgeting.
