Rotich: Kenya not heading the Greece way
16 October 2015, 12:55
Nairobi - Treasury Cabinet Secretary, Henry Rotich says Kenya is not heading the Greece way following reports that government is cash-strapped.
Speaking in Nairobi Thursday, the CS said the Greeks ran out of cash because they lived beyond their means and that is not the case in Kenya.
“Their borrowing went to consumption, while ours has gone to infrastructure,” Rotich said.
Read Also: Local University to supply electricity to Kenya Power
According to Rotich, Kenya’s public debt is still sustainable and he sees nothing with government borrowing.
“We are in this state because Kenya Revenue Authority did not reach its target in revenue collection but we are borrowing to finance the right expenditure and there is nothing wrong with that, provided we repay,” he said.
Rotich called on the Salaries and Remuneration Commission to conduct a salary review of all workers in Kenya to ease the soaring wage bill and avail more funds for use by government.
“Salaries review should be quickly done to avoid the case of government borrowing to pay workers’ salaries,” Rotich said.
For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page!
Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.