Sharp Daily
No Result
View All Result
Friday, June 19, 2026
  • 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

No Borrowing to Pay Salaries, Ruto Says

Dennis Otsieno by Dennis Otsieno
April 12, 2023
in News
Reading Time: 1 min read
President William Ruto At The US Summit

President William Ruto At The US Summit [Photo/Courtesy]

Yesterday, during the release of the performance contracting report for the 2021-22 financial year at KICC, President William Ruto stated that the country will no longer borrow to pay civil servants’ salaries.

However, the head of state acknowledged that civil servants’ salaries had indeed been delayed, but said his administration was on course to building a stable economy that is not dependent on unnecessary and excessive borrowing.

Currently, debt service consumes more than 60 percent of the revenue generated by the state.

According to Treasury on average, the government requires about Kshs 50 billion monthly for civil servants’ salaries and another Kshs 8 billion for payment of pensions.

RELATEDPOSTS

National assembly approves infrastructure fund to mobilize ksh 5 trillion

March 6, 2026

Budget cuts weaken Kenya’s fight against money laundering

January 19, 2026

Read: President Ruto’s Government Public Debt Crisis

For the first time in many years, thousands of government employees went for Easter holidays without their March salaries.

Things are even tougher for county workers who are owed up to three months’ worth of pay.

Speaking at Parliament buildings, Opposition leaders led by National Assembly Minority leader Opiyo Wandayi, warned the government against any retrenchment plans for civil servants while creating unconstitutional offices with lofty pay perks like those of chief administrative secretaries.

Wandayi led team demanded the formation of a team to investigate government spending. They warned the country is in the red and will soon plunge into bankruptcy if serious steps are not taken to bring it back on the rails.

“We need a committee of legislators and finance experts to urgently examine the expenditure regime, administration and policies obtaining at the National Treasury, the Kenya Revenue Authority, Registrar of Persons, Kenya Ports Authority and associated public bodies in the revenue generation and collection chain,” stated Wandayi.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

Six Ways of Creating More Job Opportunities

Next Post

Dialogue Demands a Yielding Tone

Dennis Otsieno

Dennis Otsieno

Related Posts

News

NSSF Contribution Dispute Escalates Amid Fresh Constitutional Petition

June 18, 2026
News

Family Bank investors set for Sh1.9 billion gain as bank lists on NSE

June 18, 2026
News

Africa faces fish supply squeeze despite record global production, UN report warns

June 17, 2026
News

Digital Identity Infrastructure and Trust in Modern Fintech Systems

June 16, 2026
News

Data-Driven Lending and Credit Scoring in Digital Finance

June 16, 2026
Money

Kenya misses out on World Bank emergency funding as Sh97.1 billion loan awaits approval

June 16, 2026

LATEST STORIES

Why Kenya’s young investors are ditching land for apartments

June 19, 2026

Mexico impresses, giants stumble as fans light up social media on 2026 World Cup

June 19, 2026

NSSF Contribution Dispute Escalates Amid Fresh Constitutional Petition

June 18, 2026

Kenya’s Investment Landscape at a Critical Turning Point: The Strait of Hormuz Breakthrough

June 18, 2026

Glovo deepens kenya investment with kSh10 billion commitment by 2030

June 18, 2026

DStv subscriber base in Kenya falls to 248,053 in first quarter of 2026

June 18, 2026

Family Bank investors set for Sh1.9 billion gain as bank lists on NSE

June 18, 2026

Africa faces fish supply squeeze despite record global production, UN report warns

June 17, 2026
  • 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