Sharp Daily
No Result
View All Result
Wednesday, May 14, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Ruto announces radical spending cuts, axes high profile offices

Brian Murimi by Brian Murimi
June 30, 2024
in News
Reading Time: 2 mins read

President William Ruto has announced sweeping austerity measures, including the elimination of certain high-profile offices and a commitment to more prudent fiscal management.

The head of state, facing intense scrutiny over perceived governmental opulence, has pledged to implement significant austerity measures aimed at curbing unnecessary expenditure and aligning with the nation’s economic realities.

In a candid interview, Ruto emphasized his administration’s commitment to fiscal discipline and the eradication of extravagant practices that have drawn public ire.

Ruto addressed concerns about the display of opulence within his administration, acknowledging the public’s sentiments and promising a shift towards more modest governance.

RELATEDPOSTS

Kawira dismisses Ruto’s Meru tour, vows 2027 comeback

March 25, 2025

Ruto reshuffles government to boost economic transformation

March 21, 2025

“Let me be very clear that the display of insensitivity is a sentiment that has come to me,” he stated. “You will see something very different going into the future, whether it is coming from my staff or this office.”

As part of these measures, Ruto revealed that certain high-profile positions, such as those of Chief Administrative Secretaries (CAS), would remain unfilled until the economy can support such roles. “I have not appointed any CAS because I realized that we were in a situation that we could not sustain,” he said.

In a move likely to resonate with economically burdened citizens, Ruto announced the scrapping of several offices traditionally seen as symbols of governmental excess.

“I know citizens have said that there is no need for the office of the First Lady or Second Lady. These offices, from tomorrow with the new budget, will not be part of our equation,” he declared. This measure is intended to reflect the need for the government to “live within our means”.

Ruto’s administration also plans to reduce funding across various sectors, including a notable reduction in the judiciary’s budget. “When I came into office, the judiciary was getting KES 18 billion. Today, they are getting KES 25 billion. But it was because I believed in the rule of law. Now, we have to cut our cloth to the size of our coat,” he explained. These cuts are part of a broader strategy to manage the nation’s finances more effectively and ensure resources are allocated where they are most needed.

In closing, Ruto acknowledged the difficulty of these measures but underscored their necessity. “I will not lie to the country that putting down the finance bill is going to be easy. But those consequences will start with me. To cut down the budget in my office, to remove unnecessary staff, unnecessary offices,” he concluded.

Previous Post

Ruto defends military deployment amid rising unrest and civilian deaths

Next Post

Demonstrations led to KES 2.4 billion property loss, President Ruto says

Brian Murimi

Brian Murimi

Brian Murimi is a journalist with major interests in covering tech, corporates, startups and business news. When he's not writing, you can find him gaming, watching football or sipping a nice cup of tea. Send tips via bireri@thesharpdaily.com

Related Posts

Agriculture And Economy
News

Lets get Kenya out of FATF list

May 9, 2025
News

The downside of Impact Investing

May 2, 2025
News

Leadership challenges at the University of Nairobi

April 24, 2025
News

Easter eggs and earnings: Growing your nest egg with CMMF

April 16, 2025
News

Geoffrey Ruku declares KES 377M net worth during CS vetting

April 15, 2025
News

Butere girls teacher accused of altering play script with political content

April 14, 2025

LATEST STORIES

Retirement planning for non-salaried workers with CPRBS

May 14, 2025

How AGOA and EPZs can transform Kenya’s trade

May 14, 2025

Safaricom forecasts earnings boost as Ethiopian losses shrink

May 14, 2025

Why Kenya must rebuild it’s textile legacy

May 14, 2025

Structuring private equity deals in Kenya

May 13, 2025

Money market funds: Smart saving and investing in Kenya

May 13, 2025

Kenya in May: Safari, coastline & deals you shouldn’t miss

May 13, 2025

Public Health Spending expected to grow in line with ethical development goals

May 13, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024