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Top News In கேந்ய பாராளுமன்றம் பட்ஜெட் அலுவலகம் Today - Breaking & Trending Today

Kenya's MPs push for suspension of projects in austerity drive


The East African
Tuesday April 06 2021
Kenya’s Parliamentary Budget Office (PBO) has advised the National Treasury to defer projects by one year even as Cabinet Secretary for the National Treasury Ukur Yatani prepares to table a spending plan for Ksh3 trillion ($27.52 billion) in the 2021/22 fiscal year amid growing pressure to control public expenditure, reduce borrowing and put off new projects to save a struggling economy.
PBO wants Treasury to rationalise recurrent spending as much as possible and freeze nominal expenditure growth for all spending categories particularly growth supportive sectors such as energy and infrastructure.
The MPs have also demanded that infrastructure spending be limited to major road networks and that the government should reinforce the work-from-home option for public servants and encourage shift to online platforms for meetings to reduce demands on operations and maintenance. ....

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Kenya goes for costly Eurobond to pay off maturing $8.5b debts


The East African
Monday March 15 2021
Kenya is considering tapping into the international capital markets with a fourth Eurobond issue to help pay off part of its debt obligations. PHOTO | FILE | NMG
Summary
This comes against a backdrop of weaker credit rating by global rating agencies pointing out that Kenyan tax payers will have to dig deep into their pockets to service the planned loan.
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Kenya’s National Treasury is considering tapping into the international capital markets with a fourth Eurobond issue in less than seven years to help pay off part of its debt obligations estimated at Ksh925 billion ($8.48 billion) in the next three months. ....

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Alcoholism in the time of coronavirus - Standard Health


Of concern, she says, is the ability of men to spend all their money, including digital loans, in secrecy, provided by mobile phones.
“Without paper currency, we can no longer follow the trail of money and demand the household share. The children are worse off,” says Natela.
In 2007 and 2010, Kenya adopted tough tobacco and alcohol control laws, to reduce the number of deaths and diseases related to the use of the two drugs.
Tobacco is blamed for about 8,000 annual deaths in Kenya, while four of every 100 deaths have been linked to use of alcohol.
The control strategies have involved a combination of price increases on the two commodities, ban on advertising, health warnings, and reduced access. ....

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