SUBMISSION ON THE MEDIUM-TERM DEBT STRATEGY (MTDS) 2025.

Hon. FCPA John Mbadi Ng’ongo, EGH

Cabinet Secretary

The National Treasury and Economic Planning

The National Treasury Building

P.0 Box 30007-00100

Nairobi.

Dear Sir,

RE: SUBMISSION ON THE MEDIUM-TERM DEBT STRATEGY (MTDS) 2025

Greetings from The Institute for Social Accountability (TISA),

TISA is a non-profit organization established in 2008 that is committed towards the achievement of sound policy and good governance in local development in Kenya and to uplift livelihoods of, especially, the poor and marginalized. TISA exists to promote citizen empowerment and government accountability according to Articles 10 (2) (c) and 201 (a) of the Constitution of Kenya, 2010. TISA’s mission is to help Kenyans find their voice and agency to claim their rights to services; make the Kenyan government accountable for its duties and promises; and make the constitution a lived experience. TISA convenes the Okoa Uchumi Campaign (OUC)1

We refer to the public notice released by the National Treasury on the 25th of January 2025 requesting submissions on the 2025 Medium Term Debt Management Strategy. Among other things, we have prepared a submission proposing the sinking fund alternative from the ever-rising interest payment rates, acceleration of the fiscal consolidation through ordinary revenue and rationalization of expenditure, realistic GDP growth projections, and the independence of the Public Debt Management Office from the National Treasury and Economic Planning.

Full Submission: Treasury-Submission-MTDS-2025.pdf (35 downloads )

1 Coalition Members: Oxfam in Kenya, The Institute for Social Accountability, Institute for Public Finance, International Budget Partnership Kenya, Interreligious Council Kenya, Kenya Human Rights Commission, National Taxpayers Association Kenya, Okoa Mombasa, Transparency International Kenya, National Democratic Institute, Mzalendo, Crawn Trust Kenya, Diakonia Sweden, Diocese of Lodwar, PAWA 254, Fight Inequality Kenya, Social Justice Centers, Kenya Tuitakayo Movement, ICJ – Kenya, Christian Aid Kenya, Katiba Institute, Tax Justice Network Africa, Access Coalition, Inuka Kenya, Amnesty International, Center for Fiscal Affairs, Center for Economic Governance, EACHRights, Econews Africa, East Africa Tax and Governance Network, Muslims for Human Rights, Kenya Tobacco Control Alliance, Twaweza Kenya, African Forum and Network on Debt and Development, Uraia Trust , a civil society platform committed to working with stakeholders to redress Kenya’s public debt crisis. The coalition pushes for political accountability and bolsters constitutional safeguards in public debt management for debt sustainability through a balanced and equitable budget.