President William Ruto has praised National Treasury Cabinet Secretary John Mbadi and Members of Parliament for what he described as strong leadership and bipartisan cooperation in advancing the country's fiscal agenda.
Speaking at State House, Nairobi, Ruto singled out Mbadi for his leadership at the National Treasury, saying it had been exceptional.
"Today, John Mbadi, National Treasury Cabinet Secretary, is providing leadership that has never been witnessed. I can confirm to you, John, that when I write my book, you will have ample space on what you and I have discussed. And your team at the Treasury, of course, including all the other actors that have taken this to the future," the President said.
Ruto also commended the Leader of the Majority and Members of Parliament, including those on the Finance Committee, for their role in recent parliamentary deliberations.
The President said discussions in Parliament continued until midnight last week while he was out of the country attending his daughter's graduation.
"I also must commend the leader of the majority who is here. And our members in Parliament. Members of the Finance Committee, all the members, they've been, you know, I remember on, I think it was Wednesday last week, and I was out of the country. I had gone to my daughter's graduation. And discussions in Parliament went up to midnight. Consultations outside the official space in Parliament," he said.
Ruto said he remained in contact with officials during the discussions and welcomed what he described as a bipartisan approach to resolving the matter.
"And finally, Parliament came together in a very bipartisan way and said, we must move the country forward," he said.
The President made the comments during the signing of the Sovereign Wealth Bill into law, marking a significant milestone in Kenya's efforts to strengthen fiscal management, safeguard national wealth and support long-term economic growth.
The new law introduces a structured approach to managing Kenya's national wealth by separating savings for future generations, economic stabilisation and strategic infrastructure investments.
It is expected to improve the country's financial resilience while promoting prudent management of public resources.
