By David Nduati
https://soundcloud.com/deejay-psalms/government-expenditure
The International Monetary Fund has welcomed austerity measures by the National Treasury aimed at restoring stability in the country’s finances.
IMF Kenya representative Mr Armando Morales, had two weeks ago warned that the government should cut non-essential expenditure. He further said that the austerity measures announced by the government recently would steer the country back to stability if properly enforced.
Mr Morales told Smart Company that the measures will improve the country’s fiscal position to a point of sustainability and that is good news.
This comes after the opposition has consistently criticized the government over too much expenditure.
Mr Rotich said while announcing the measures that they will be reviewing the budget to ensure that all expenditures are first productive in order to achieve less borrowing in the market.
https://soundcloud.com/deejay-psalms/government-expenditure
The International Monetary Fund has welcomed austerity measures by the National Treasury aimed at restoring stability in the country’s finances.
IMF Kenya representative Mr Armando Morales, had two weeks ago warned that the government should cut non-essential expenditure. He further said that the austerity measures announced by the government recently would steer the country back to stability if properly enforced.
Mr Morales told Smart Company that the measures will improve the country’s fiscal position to a point of sustainability and that is good news.
This comes after the opposition has consistently criticized the government over too much expenditure.
Mr Rotich said while announcing the measures that they will be reviewing the budget to ensure that all expenditures are first productive in order to achieve less borrowing in the market.
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