Government grants CS's KES 1 billion to buy homes
25 September 2015, 14:18
Nairobi - The government has granted senior public officials a KES 1 billion grant to buy houses, Treasury CS Henry Rotich has revealed.
Rotich revealed that the government had granted the CS's and other senior officials the KES 1 billion with the highest earning in the category getting as much as KES 40 million to buy houses.
Others at a lower category will get KES 35 million.
They will repay at 3% per annum.
Rotich said that the loans will be guaranteed via an internal staff scheme.
" The scheme is similar to all those in government and all civil servants are eligible but depending on what they earn," he told News24 Friday.
CS' take home as much as KES 800,000 per month with other allowances included.
Government officials allowed to borrow up to 40 million include Governors, Cabinet, Attorney-General, Chief of the
Kenya Defence Forces and Secretary to the Cabinet.
secretaries, members of independent commissions and holders of
independent offices, including the Auditor-General and the controller of
budget, will be allowed to borrow up to KES 35 million.
Rotich denied that the scheme was opulent as compared to what other civil servants including teachers earn.
" The scheme has been approved by the relevant authorities and is commensurate to the earning capabilities of the officials as is advised by the Salaries and Remuneration Commision SRC, " he added.
The government has recently stated that it cannot pay teachers a 50/60% payrise and that it can not also foot the bill that comes in terms of the pension costs that will have to be forked out to teachers.
The matter has led to a four week pay strike that has ended Friday after a court suspended it for 90 days.
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