• About Us
  • Archives
  • SWG Registration
Samrack Media
Mahiga Homes
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events
No Result
View All Result
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events
No Result
View All Result
Samrack Media
No Result
View All Result

CS Rotich suspends state officials’ foreign trips to plug resource leakages

samrack by samrack
November 18, 2015
in Africa, Diaspora, Kenya, Kenya Diaspora News, News, Politics
A A
0
CS Rotich suspends state officials’ foreign trips to plug resource leakages
Share this
FacebookTwitterPinterestEmailWhatsAppLinkedIn
Treasury-CS-Henry-Rotich

CS Rotich suspends state officials’ foreign trips to plug resource leakages 

The Treasury CS has suspended national and county officials’ local and foreign travels following a concern over government spending on the trips.

Henry Rotich said “tough guidelines for foreign travel have been published as part of new wide-ranging measures to plug resource leakages”.

He said on Wednesday that spending on breakfast meetings, office furniture, printing and adverts will also be cut in the 2016/2017 budgetary allocation.

Rotich told a briefing he was reviewing spending in fiscal 2015/2016, which ends in July, and that government borrowing could be lower than expected. He did not give figures.

The budget deficit for 2015/16 has been forecast at 8.7 per cent of gross domestic product, higher than 2014/15 and a level that has worried economists who say Kenya should be reducing the gap as the economy recovers from a sluggish period.

The CS further trimmed Kenya’s 2015 economic growth forecast citing tighter monetary policy and the potential impact of the El Nino weather phenomenon that has brought heavy rains.

He said growth would be in the range of 5.8 to 6.0 per cent. The government already downgraded its forecast to 6 per cent in October from the 6.5 to 7 per cent it originally predicted.

While still on track to outpace the 5.3 per cent growth it recorded in 2014, Kenya’s economy has this year been buffeted by global and domestic factors.

A strong dollar and worries about a hefty current account deficit have weighed on the shilling, prompting the Central Bank to hike interest rates.

Foreign exchange inflows into Kenya have also suffered because of a series of attacks by al Shabaab militants in the past two years that have hammered the tourism industry.

El Nino is expected to hit an economy that still relies heavily on agriculture. Kenyan media has already reported flooding due to heavy rains as a result of the weather phenomenon, washing away roads and cutting off some rural areas.

Rotich said the spending review would be presented to lawmakers but did not say when. “The measures will be reflected in the supplementary budget to be taken to Parliament soon,” he told the briefing.

SOURCE: The Star

Tags: C.S RotichCS Rotich suspends state officials' foreign trips to plug resource leakagesTreasury-CS-Henry-Rotich
Previous Post

BISHOP MUYA AWARDED A HONORARY DOCTORATE

Next Post

VIDEO Pt1,Pt 2 /Photos:Rev Samuel Mbugua Ordination @ Well of Worship Center Dracut,Massachusetts

Related Posts

Kenya Airways Subsidiary Fahari Aviation To Receive Embraer Eve eVTOL Aircraft From 2026
Business

Kenya Airways Subsidiary Fahari Aviation To Receive Embraer Eve eVTOL Aircraft From 2026

June 22, 2022
Kenyan Nurse Given a Three-story Home in Lebanon, Pennsylvania After Volunteer Work
Diaspora

Kenyan Nurse Given a Three-story Home in Lebanon, Pennsylvania After Volunteer Work

June 22, 2022
Uhuru’s Daughter Ngina Kenyatta Ties the Knot in a Traditional Wedding Ceremony
Diaspora

Uhuru’s Daughter Ngina Kenyatta Ties the Knot in a Traditional Wedding Ceremony

June 22, 2022
Untold Stories of How Thika Road Estates Got Their Names
Business

Untold Stories of How Thika Road Estates Got Their Names

June 22, 2022
President Uhuru Rejects To Assent Into Law ICT Bill, Opting To Send It Back To Parliament For Review
Kenya

President Uhuru Rejects To Assent Into Law ICT Bill, Opting To Send It Back To Parliament For Review

June 22, 2022
Police in Nairobi recovered 22 firearms and 565 rounds of ammunition during an auction mission on Tuesday in Kilimani suburbs, Nairobi county.
Business

Police in Nairobi recovered 22 firearms and 565 rounds of ammunition during an auction mission on Tuesday in Kilimani suburbs, Nairobi county.

June 22, 2022
Next Post
VIDEO Pt1,Pt 2 /Photos:Rev Samuel Mbugua Ordination @ Well of Worship Center Dracut,Massachusetts

VIDEO Pt1,Pt 2 /Photos:Rev Samuel Mbugua Ordination @ Well of Worship Center Dracut,Massachusetts

Please login to join discussion
Job Openings Below is a list of current job openings at Northeast Clinical Services, Inc.. Please click on an opening in the list to view details and apply. Job Openings Below is a list of current job openings at Northeast Clinical Services, Inc.. Please click on an opening in the list to view details and apply. Job Openings Below is a list of current job openings at Northeast Clinical Services, Inc.. Please click on an opening in the list to view details and apply.
ADVERTISEMENT
ADVERTISEMENT

Latest News

Kenya Airways Subsidiary Fahari Aviation To Receive Embraer Eve eVTOL Aircraft From 2026

Kenyan Nurse Given a Three-story Home in Lebanon, Pennsylvania After Volunteer Work

Uhuru’s Daughter Ngina Kenyatta Ties the Knot in a Traditional Wedding Ceremony

Untold Stories of How Thika Road Estates Got Their Names

President Uhuru Rejects To Assent Into Law ICT Bill, Opting To Send It Back To Parliament For Review

Police in Nairobi recovered 22 firearms and 565 rounds of ammunition during an auction mission on Tuesday in Kilimani suburbs, Nairobi county.

George Wajakoya’s Running mate: Who is Justina Wangui Wamae

IEBC set to make corrections to voters’ register

Kenya cannot ban Mitumba without upsetting the US,Just ask Rwanda

Transition/Death Announcement of Francis Kagumba Mwenenia (Father to Pastor Naomi Kagumba (Lowell,MA ) of St Stephen’s Church Dracut,MA

We are grateful for your monthly or one-off donations To Samrack Media: Cash App No: 781-888-8770 $SAMRACK001

Money

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency

by samrack
November 19, 2021
0

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency This week sees the launch of a new initiative to equip...

A simple guide to Government Bonds investing in Kenya

A simple guide to Government Bonds investing in Kenya

by samrack
September 17, 2021
0

A simple guide to Government Bonds investing in Kenya A treasury bond (T-bond) is a medium term to long term...

Politics

Police in Nairobi recovered 22 firearms and 565 rounds of ammunition during an auction mission on Tuesday in Kilimani suburbs, Nairobi county.

Police in Nairobi recovered 22 firearms and 565 rounds of ammunition during an auction mission on Tuesday in Kilimani suburbs, Nairobi county.

by samrack
June 22, 2022
0

Police in Nairobi recovered 22 firearms and 565 rounds of ammunition during an auction mission on Tuesday in Kilimani suburbs,...

George Wajakoya’s Running mate: Who is Justina Wangui Wamae

George Wajakoya’s Running mate: Who is Justina Wangui Wamae

by samrack
June 9, 2022
0

She has risen to prominence, following her selection as a running mate for one of the only four presidential candidates...

  • About Us
  • Archives
  • SWG Registration

© 2021 SAMRACK - Diaspora News & Updates; design by: Samrack.

No Result
View All Result
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events

© 2021 SAMRACK - Diaspora News & Updates; design by: Samrack.

Page generated in 0.947 seconds. Stats plugin by www.blog.ca