National Treasury and Economic Planning Cabinet Secretary Njuguna Ndung’u has revealed President William Ruto-led administration’s plan to strengthen the economic recovery.

Speaking at the National Assembly during the reading of the 2024/2025 budget statement on Thursday, June 13, 2024, CS Ndung’u said the government will accelerate the implementation of policies, programs and interventions in the bottom-up economic transformation agenda, to see the economy recover.

“To strengthen economic recovery, the government will accelerate the implementation of policies, programs and interventions in the bottom-up economic transformation agenda,” Ndung’u said.

Support MSMEs

To achieve this, the CS said the government will enhance agricultural transformation, and support the Micro, Small and Medium Enterprises (MSMEs).

The government, according to CS Ndung’u, is also aiming at providing affordable housing and settlement, achieving Universal Health Coverage (UHC), and supporting the growth of the digital super highway and creative economy.

Job creation

This, he says, will support job creation, which is part of the government’s agenda.

“First, enhance agricultural transformation, support MSMEs, provide affordable housing and settlement, achieve universal health care, support the growth of the digital super highway and creative economy that will support job creation,” he said.

The CS noted that economies across the globe have been affected by the effects of climate change.

Ndung’u cited the recent unprecedented floods that Kenya faced following the prolonged drought, noting that they claimed lives and caused injuries to people.

“The effects of climate change have become detrimental to economies across the globe. Kenya has not been spared from these negative effects of climate change, the recent unprecedented floods that our country faced following the prolonged drought claimed lives and caused injuries to people,” he said.

Ndung’u on Wednesday, June 12, 2024, said President William Ruto has managed to stabilise the economy.

Ndung’u while addressing the media said that the country has come from a very difficult situation.

He also added that there has been stability in the exchange rate which signals stability in the total economy.

“That is evident that the recovery of the economy has started, beginning the last quarter of 2023,” he said.

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