Kenya’s budget deficit occurs when the government spends more money than it collects in revenue over a given financial period.
Treasury data highlights a widening shortfall from the 2023/24 financial year through future projections, managed under Treasury Cabinet Secretary John Mbadi.
The fiscal deficit starts at -0.818 trillion shillings in the 2023/24 financial year and widens to -1.034 trillion shillings in 2024/25.
It peaks at a baseline of -1.251 trillion shillings in 2025/26.
For the 2026/27 financial year, the target primary deficit is estimated at -1.145 trillion shillings, while extended Treasury projections for 2026/27 show the shortfall expanding further to -1.288 trillion shillings.
Overall, this trend demonstrates ongoing fiscal pressures on public expenditure relative to national revenue collection.
