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Kenyan News
Home Politics

President Ruto Announces Austerity Measures to Address Economic Challenges

254 by 254
July 25, 2024
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On Friday, President Ruto unveiled a series of austerity measures aimed at reducing government expenditure in response to the prevailing economic difficulties. Key initiatives include the elimination of at least 47 state corporations with overlapping functions, a suspension on the hiring of Chief Administrative Officers, and a reduction in the number of government advisers.
Additionally, budgets for the offices of the First Lady, Second Lady, and the Spouse of the Prime Cabinet Secretary have been eliminated. Provisions for confidential budgets in the President’s office, the Deputy President’s office, and other executive offices have also been scrapped.
These measures are a significant step in the right direction, highlighting the urgent need for action that should have been taken much earlier, without the necessity of a revolt from Generation Z.
The roles of Chief Administrative Secretaries (CAS) have been called into question, as they offer little value and arguably should not have been established in the first place. Similarly, maintaining entities like the Industrial and Commercial Development Corporation, the Industrial Development Bank, and the Tourism Trust Fund is redundant, as they all share the primary mandate of lending to the private sector.
In the education sector, the overlap between the Commission for University Education and the Kenya National Qualifications Authority raises concerns about efficiency and effectiveness.
However, beyond these austerity measures, the President must also confront the pervasive issue of corruption. While the country can implement savings initiatives, genuine progress will remain elusive unless corruption is decisively addressed.

Tags: Chief Administrative OfficersPresident William Ruto
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