The monied buddies that were feasting from coffers are now angry with President Ruto after his order to chop government austerity took shape.
The mediashy cartels and owners of Hotels and Resorts that host government meetings are on the frying pan.
President Ruto has deactivated the previlage to call for baseless State organized trainings and government workers retreats at the expense of tax payers. Photo/courtesy
According to a government notice published on 4th of November, all director generals, all directors as well as heads of units among others were intructed to make sure all departments have cut their budgets . “The budget cuts have targeted various items such as local and foreign training, office and general supplies, hospitality supplies and services, local and foreign travel, purchase of office furniture, purchase of office equipment and various projects that have low absorption rates and/or challenges of implementation,” a memo from the Treasury read in part. The Ministry of Treasury Principal Secretary in a memo has directed the departments to suspend all new trainings as well as approvals of purchase of office furniture, fittings, computers and ICT materials.
In the memo, the treasury directed all MDAs to also hold their meetings and taskforce engagements in their boardrooms.
According to the data from the National Treasury, state spending across 2022/23 Financial Year has been estimated at KES3.4 trillion against projected revenues of KES2.5 trillion.
This data means the coffers have an estimated hole to fill of KES281 billion in next foreign financing and KES583 billion in net domestic financing .
Without the proposed budget cuts, Kenyas public debt is expected to rise from KES8.6 trillion at the end of June to KES9.4 trillion by June 2023.
Do you think Kenya Kwanza administration will manage to cut off wealthy Hotel owners that have been eating with a big spoon from the State organized events and seminars?