Ruto Enforces Austerity After Scrapping Finance Bill
President William Ruto announced on Wednesday a directive to cut expenditure allocations for various government sectors.
Speaking at State House in Nairobi, the Head of State revealed that these budget cuts would impact the executive branch of the government.
Ruto mentioned that the cuts would include funds allocated for travel, hospitality, motor vehicle purchases, and renovations.
“In this regard, I direct immediate further austerity measures to reduce expenditure, starting with the Executive Office of the President,” Ruto stated.
Ruto also instructed the Judiciary, County governments, and the Legislature to collaborate with the National Treasury to initiate budget cuts.
“County Governments working with the National Treasury also undertake budget cuts and austerity to ensure that we do what I have always advocated for, that we live within our means,” the Head of State announced.
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“As we hold this important conversation, I remind us that we should proceed within the foundational principles upon which our nation is founded,” he added.
Explaining the withdrawal of the Finance Bill 2024, Ruto cited widespread public outrage as the reason for the government’s change of stance.
Ruto stated that despite numerous amendments to the bill, the public remained firm on its withdrawal.
The President praised the Members of Parliament who supported the bill, highlighting the changes made after public participation.
“I salute our members of parliament for supporting the proposal to incorporate the views of the public generated through the parliamentary public participation process,” Ruto remarked.
“I am grateful to all the members of the National Assembly who voted yesterday affirmatively for the Finance Bill 2024 as amended on the floor of the House to incorporate the views generated in the public participation process.”
Ruto Enforces Austerity After Scrapping Finance Bill