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    Treasury Restates Measures to Cut Govt Spending

    Wandiri
    By Wandiri Gitogo
    - September 27, 2019
    - September 27, 2019
    Kenya Business news
    Treasury Restates Measures to Cut Govt Spending

    Acting Treasury CS Ukur Yatani has directed government ministries, departments, and agencies to undertake policy measures to enhance expenditure control and fiscal discipline in the management of public resources.

    Treasury aims to contain emerging expenditure pressures, the underperformance of revenue, and the high level of borrowing.

    Under the new expenditure guidelines, all Government-sponsored training to be held in the Kenya School of Government and government training institutions.

    In addition, the measures will see minimizations in the number of officers in government delegations for foreign travel. In this case, delegations led by cabinet secretaries should not exceed four persons including the CS while those led by Permanent Secretaries and Chief Executives to be limited to three including the team leader.

    Moreover, a letter seen by Kenyan Wallstreet shows suspension of all benchmarking and study tours while domestic air travels to be on economy class.

    CS Yatani proposes the utilization of technology to transact business such as teleconferencing and foreign missions and embassies to transact government business.

    In addition, accounting officers will cease using newspaper supplements to publicize plans, service charters, or events and instead focus on using the Ministry’s website.

    Tightening government expenditure will enable concentration on Big Four agenda and maintain macroeconomic stability. Furthermore, it will foster fiscal responsibility, create savings, and enhance prudent financial management.

    The Kenyan Wall Street

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