Treasury PS Kiptoo defends new budget, says it is guided by national interest

Speaking in Kitui during a traditional wedding ceremony on Saturday, Dr. Kiptoo emphasized that the government’s proposed tax measures are carefully considered and guided by national interest.

“Every tax measure being introduced is the result of very patriotic and well-considered opinions. These are necessary steps if we are to stabilize our economy and reduce dependence on debt,” he said.

The PS warned that Kenya’s debt,  both domestic and external, has reached unsustainable levels, making tough policy decisions unavoidable.

“Our current debt situation is becoming increasingly unsustainable. Painful as some of these measures may be, they are necessary if we are to normalize the situation and secure the country’s economic future,” he noted.

Dr. Kiptoo called on Kenyans to support the government’s fiscal reforms, stressing that collective sacrifice would be key to restoring economic stability.

Despite the challenges, the Treasury PS expressed optimism about the country’s economic outlook, noting that Kenya has remained resilient.

“Even with the difficulties we are facing, our economy is weathering the storm and remains stable. This resilience gives us confidence that we are on the right path,” he said.

Dr. Kiptoo’s remarks come at a time when the government is under increasing pressure to balance revenue generation with public concerns over the cost of living.

Consequently, other leaders who spoke at the ceremony, urged politicians to preach peace ahead of the 2027 General Election, noting that that Kenya stood to gain more if it remained united.