Borrowing in the red: Gov’t cautioned on spending

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The government plans to cut the public wage bill from 48 percent to 35 percent in three years’ time.
Salaries and remuneration commission says this will be achieved through reducing wastage, harmonizing allowances and implementation of contract based hiring.
SRC’S announcement comes a day after treasury issued a directive to 15 counties and state agencies including parastatals to clear their pending bill in efforts to address the piling debt.

As Jimmy Mbogo reports, treasury in collaboration with the src have planned a three day forum later this month to engage stakeholders in order to develop workable solutions

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