Because the country is in financial crisis, civil servants and teachers are likely to receive their salaries in installments. A prominent government official hinted at this.
This remark is ambiguous as to what they mean by “paying in installments.”
David Ndii, the head of the President’s Council of Economic Advisors, has stated that the government routinely faces financial crises.
While speaking to the media, David Ndii stated that all employees would be paid in full, but he cautioned that the coming days would be difficult.
Ndii reiterated that the government is in the process of sealing its deficit citing that the government is using domestic borrowing in this process
Ndii went ahead to explain that the salary delays witnessed is not a crisis.
He further stated that the postponement of the salaries has been orchestrated by the operational cash shortage.
While appearing on the Monday Report program, Ndii mentioned that the government normally maintains even monthly maturities to obtain cash to refinance debts and bonds.
Ndii went further to give hope to kenyans and civil servants in particular that the government is adjusting, and whatever we are seeing is due to high maturities in the month of March.
The Economic Advisor said the country is receiving $300 million in week’s time or following along with $200 million from a syndicated loan.
He has advised civil servants and teachers to exercise patience as the government is trying to seek the remedy for the situation.
Due to the deteriorating economic conditions, the government had cautioned Kenyan workers to be prepared for tough times ahead and salary delays.
Njuguna Ndung’u, the National Treasury Cabinet Secretary has issues a warning on the impediment hardships citing the government is In a financial crunch as it doesn’t have another source of funding.
Ndung’u has stated that the country is unable to secure funding due to the decrease in the borrowing power and considering that the revenue streams are performing poorly.
