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SRC Approves KSh 815.5m in Allowances, Bonuses for Kenyan Public Workers in 3 Months


  • SRC reported in its wage invoice bulletin for the second quarter of 2023–2024 that it obtained requests totalling KSh 1.64 billion
  • The cumulative worth of the SRC advice for the primary half of FY 2023/2024 was KSh 24.8 billion in opposition to the entire request of KSh 41.4 billion
  • President William Ruto directed profit-making entities to chop recurrent expenditures by 30% and keep away from pointless purchases

TUKO.co.ke journalist Japhet Ruto brings over eight years of expertise in monetary, enterprise, and know-how reporting, providing deep insights into Kenyan and international financial tendencies.

The Salaries and Remuneration Fee (SRC) has revealed it authorized KSh 815.5 million in allowances and salaries for Kenyan public staff between October and December 2023.

SRC chair Lyn Mengich at a past event.
SRC chair Lyn Mengich. The fee authorized elevated allowances. Picture: SRC Kenya.
Supply: Twitter

In its second-quarter wage invoice bulletin for the 2023/2024 monetary yr, SRC famous it obtained requests amounting to KSh 1.64 billion.

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“SRC authorized requests value KSh 815.57 million, representing 49.8% of the entire requests from public service establishments, which amounted to KSh 1,637.63 million,” the fee said.

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Public service allowances and bonuses improve fivefold

Throughout the identical interval within the final monetary yr, SRC authorized KSh 571.16 million.

The whole worth of SRC recommendation for the half yr of FY 2023/2024 amounted to KSh 24.8 billion, in opposition to the entire request of KSh 41.4 billion, representing 60% of the worth of requests obtained and decided.

In distinction to the identical interval in FY 2022/2023, the worth of each granted and filed requests elevated nearly fivefold.

The nationwide authorities’s deliberate spending on private emoluments for the second quarter of FY 2023/2024 was KSh 127.79 billion, down from KSh 123.53 billion throughout the identical time in FY 2022/2023.

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Saudi Aramco says Q1 revenue down 14.5 p.c

What was William Ruto’s funds directive?

In March, President William Ruto issued an order requiring the federal government to stay inside its means, directed explicitly at state companies.

The president mentioned sure companies have been shedding cash for years and had grow to be a burden on the exchequer.

Ruto directed profit-making entities to chop recurrent expenditures by 30% and keep away from pointless purchases.

Business state companies had been additionally requested to remit 80% of their earnings to the Nationwide Treasury after taxes.

Supply: TUKO.co.ke



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