Teachers And Civil Servants’ Salary to be Paid in Phases Starting Next Month.
As the country is facing financial crisis, civil servants and teachers are likely to receive their salaries in Phases. This has been hinted by a top government official.
This statement is unclear as to what they are terming paying in installments.
He Head of President’s Council of Economic Advisors, David Ndii has mentioned that the government frequently run into a financial crisis.
Though, David Ndii while appearing before the Media said all servants would receive their salaries in full but cautioned on coming days that are predicted to be hard.
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.
Salary for Teachers and Civil Servants to be Paid in Phases
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.
Going by the controversial housing levy imposed by the president, Kenyans are bracing for hard economic times ahead.
Teachers And Civil Servants’ Salary to be Paid in Phases Starting Next Month.
