Finance Bill

03 Jul

President Ruto Rejects New Salaries for State Officers

admin0 CommentsNews#RejectFinanceBill2024, Finance Bill, Salaries, William Ruto

President William Ruto has directed the National Treasury to review the Gazette Notice issued on 9th August, 2023, by the Salaries and Remuneration Commission (SRC) concerning the remuneration and benefits for State officers in the Executive of the National Government, the Senate, and the National Assembly. This directive comes in light of the recent withdrawal of the Finance Bill 2024 and the anticipated fiscal constraints for the current financial year. President Ruto emphasized the need for the Executive and all arms of government to operate within their financial means during these challenging times. "This is a time, more than ever…

23 Jun

Will Ruto Achieve His Promises with Rejection of Finance Bill 2024?

Capt. Ali Roba0 CommentsOpinionsAli Roba, Finance Bill, William Ruto

Despite the valid rejection of some aspects of the finance bill and the public outcry, I feel sympathy for President William Ruto, who is facing a difficult situation. If he borrows money, he faces public outrage; if he raises taxes, he encounters backlash. How can Ruto fulfill his promises without borrowing or increasing taxes? President Ruto has done remarkably well under these circumstances. He inherited a harsh reality with many debts from Uhuru Kenyatta’s tenure maturing in 2023 and beyond. He must balance executing visible projects with maintaining the country’s creditworthiness by paying off interest liabilities that are falling due.…