Mbadi Says Ruto Administration Stabilised Economy After Inheriting Cash-Strapped Treasury

Treasury Cabinet Secretary John Mbadi has credited President William Ruto’s administration with restoring financial stability in a country he says was on the brink of a severe cash crisis when he assumed office

Speaking during a visit to Migori on Sunday, Mbadi recounted the difficult months that followed his appointment, revealing that Treasury officials were often unsure whether they could meet critical obligations such as paying salaries and servicing public debt

“Last year, when I was appointed to Treasury… sometimes we would sit with my PS and the Director General of accounting services, and we were not sure we could pay salaries

We could not tell Kenyans that we were finding it hard to pay salaries; we were not sure whether we would pay loans

That is why you saw what happened to the shilling last year… because we were not clear we would pay loans,” Mbadi said

The CS urged government critics to acknowledge recent improvements in the economy, noting that the administration had successfully “de-risked” a major loan previously due in 2027

He further highlighted development gains in Nyanza, including the elevation of Jaramogi Oginga Odinga Teaching and Referral Hospital from a Level 5 to a Level 6 facility, accompanied by a budget increase from Ksh.500 million to Ksh.3 billion

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Mbadi appealed to the Luo community to back President Ruto’s leadership, noting that Migori County is set to benefit from projects worth Ksh.2.3 billion

He credited the progress to the President’s support, saying it allowed the Treasury to steer the economy toward stability after a period of financial strain

Writer : Mweru Mbugua