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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's MPs push for suspension of projects in austerity drive

Kenya's MPs push for suspension of projects in austerity drive
theeastafrican.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theeastafrican.co.ke Daily Mail and Mail on Sunday newspapers.

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House budget office wants changes in debt limit measure

House budget office wants changes in debt limit measure
Wednesday March 03 2021
By CONSTANT MUNDA
Summary
The Parliamentary Budget Office (PBO) wants lawmakers to change how Kenya calculates the public debt ceiling from numerical limit to one based on a ratio of economic output.
BPO the unit which advises members of parliament (MPs) on financial and economic matters argues that arbitrary setting and raising of debt ceiling based on a numerical limit is delinked from economic indicators like size of the economy
This comes at a time Treasury secretary Ukur Yatani has indicated he will be seeking approval from MPs to expand the debt limit from the current Sh9 trillion, just over a little over a year after the cap was raised from Sh6 trillion in October 2019. ....

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