Here are highlights, June 11 -- National Treasury Cabinet Secretary John Mbadi is presenting the Sh4.82 trillion budget for the financial year 2026/27 in Parliament.

Electronic procurement

Mbadi says no public procurement will be conducted outside the Electronic Government Procurement System from July 1; Treasury to end all exemptions.

Pending bills

Treasury plans to settle Sh155.3bn in verified pending bills through direct budget allocations and securitisation over the next two years.

Bank core capital

Mbadi proposes extending by three years to December 31, 2032 the deadline for banks to meet the Sh10 billion minimum core capital requirement. Mbadi says the move will allow a better-structured approach to recapitalising the sector....