In a concerted effort to steer Kenya's economy back on track, Senior Advisor to the Council of Economic Advisors at State House, Hon. Moses Kuria, and National Treasury Cabinet Secretary, CPA John Mbadi, have committed to delivering essential reforms.
The two leaders, who have a longstanding relationship from their days at the University of Nairobi’s School of Business and as members of the Budget and Appropriations Committee in previous parliaments, reaffirmed their dedication to serving Kenyans.
In a statement on Friday, September 13, Kuria stressed the urgency of economic recovery, calling it "an imperative, not an option."
"At 6 a.m. this morning, I exchanged viewpoints with Treasury Cabinet Secretary @CS_HonMbadi," Kuria shared. "We agreed on several irreducible minimums that must be achieved, including tax reform, modernization of tax systems, fiscal discipline, living within our means, and enhancing budget and debt transparency. We also discussed off-balance-sheet financing such as revenue securitization and Public-Private Partnerships, as well as optimizing development partners' programs and projects."
Kuria stressed that their early morning discussions centered on key strategies for economic stability.
Both officials are focused on fiscal discipline, transparency, and tapping into alternative financing mechanisms like PPPs to drive development and infrastructure growth.
The two leaders expressed their determination to place Kenya on a path to financial stability through the implementation of these crucial reforms.
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