Major ministries in the country are set to hold a series of meetings this month meant to realign spending in line with President Ruto’s directives meant to slash Ksh 300 billion on expenditure.
The Ksh 300 billion cut to the 2022/2023 budget is likely to affect the salaries of all civil servants.
In a memo dated October 5, 2022, issued to accounting officers in Ministries and State Departments, the National Treasury has asked the officers to present actual salaries between July and September and the wage estimate to the end of June 2023.
The memo further required the officers to present a contractual evidence and actual expenditures on rent, utilities, contracted guards and cleaning services.
The officers are further expected to furnish the Planning Ministry with an updated status of capital projects, projects with implementation challenges and details of all new projects in the 2022/23 budget.
The ministries’ accounting officers and all the officers in the State Departments are expected to meet the National Treasury in meetings scheduled from Tuesday this week to October 21.
The meetings are expected to guide the realignment of Ministries spending plans following the directive by President William Ruto which ordered for a Ksh.300 billion slash to the budget.
President Ruto said that the move is intended at trimming the 2022/23 budget deficit which is estimated at nearly Ksh.900 billion.
The trimming of the 2022-2023 budget will reduce the government’s borrowing targets for the fiscal year.
The president asked the Treasury to work with Ministries to find at least Ksh.300 billion in this year’s budget so that the country can remove it because the market cannot sustain the kind of current borrowing done by the government.
