Wednesday 05th March, 2025 02:44 PM|
Treasury Cabinet Secretary John Mbadi’s submission states that the impact of Donald Trump’s determination to freeze monetary support to growing international locations will likely be largely felt at dwelling.
Appearing earlier than the senate plenary on Wednesday, March 5, 2025, CS John Mbadi revealed that the financial freeze on USAID (United States Agency for International Development) would create a Ksh52 billion deficit to the nation.
The CS advised senators that the monetary reduce would have an effect on totally different sectors of the economic system, with well being being the most important casualty.
Water and environmental sectors can even bear the brunt of Donald Trump’s determination to placed on maintain main monetary help to the nation.
“The total assistance, including health and the others, is approximately USD405.4 million, which is about Ksh52 billion for the financial year 2024/2025 from USAID, which as I have indicated, includes other sectors such as health, water and environment,” CS Mbadi advised the lawmakers.
With the federal government pursuing different methods of breaching the monetary shortfall, CS John Mbadi, nonetheless, disclosed that the federal government does not directly receive funds from USAID.
He made it clear that USAID implements its tasks within the nation independently.
US help to Kenya
According to Aid Data Network, the US contributes roughly KSh252 billion yearly to Kenya’s economic system, together with Ksh129.4 billion in direct support.
Furthermore, US companies just like the USAID have been a key driver in Kenya’s progress in numerous sectors together with peacebuilding, devolution, and financial progress.
Their important position contains their contribution to assuaging HIV through providing ARV drugs. However, the Ministry of Health lately got here out to allay fears insisting that the nation had ample ARV provide.
“I want to assure Kenyans that we have sufficient stock of HIV commodities, including ARVs and testing commodities. We have strengthened our supply chain pipeline to ensure continuous availability,” Director-General for Health, Dr Patrick Amoth affirmed.
Immediately after being sworn-in, Trump introduced a raft of measures aimed toward making America nice once more. Part of his govt orders included freezing and re-evaluating billions of US cash despatched to different international locations.
He added that the cash might be channelled into the US economic system to assist its residents battling with numerous points starting from well being and unemployment.
Trump was backed by billionaire Elon Musk, whom he tasked with selling authorities effectivity.