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Kenya Economy Watch
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Ericsson
#1451 Posted : Thursday, May 18, 2017 1:14:40 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
The govt plan in the 2016/17 budget was to borrow Shs.612bn from the domestic market.
By end of Dec 16, it was increased to Shs.912bn.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#1452 Posted : Thursday, May 25, 2017 11:12:05 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
http://www.businessdaily...41174-v88t53/index.html

Ethiopia opens Sh371bn gap on Kenya’s economy
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Liv
#1453 Posted : Thursday, May 25, 2017 11:49:36 AM
Rank: Veteran

Joined: 11/14/2006
Posts: 1,311
Kenya's GDP at $69B slightly below $73B total of Uganda's $26B + Tanzania's $47
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Ericsson
#1454 Posted : Monday, July 10, 2017 12:21:46 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Kenya's SRC reduces MPs salaries from Sh 720,000 to 621,00 @ month. Sitting & mileage allowance abolished. Says move meant to reduce wastage
President's salary also reduced from Sh 1.6Mn to Sh 1.4Mn

New salary structures for State officers
President-1.4M
Deputy President-1.2M
CS- 924K
AG-924K
KDF boss-924K
PS- 765K
MPs- 621K
Senators-621k
Women Reps-621k
Governors sh924K
Deputy Governors-621k
MCAs-144K
No sitting and mileage allowances
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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  | | Edit by user: Monday, July 10, 2017 12:43 PM | Reason: Not specified
Angelica _ann
#1455 Posted : Monday, July 10, 2017 9:25:22 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Ericsson wrote:
Kenya's SRC reduces MPs salaries from Sh 720,000 to 621,00 @ month. Sitting & mileage allowance abolished. Says move meant to reduce wastage
President's salary also reduced from Sh 1.6Mn to Sh 1.4Mn

New salary structures for State officers
President-1.4M
Deputy President-1.2M
CS- 924K
AG-924K
KDF boss-924K
PS- 765K
MPs- 621K
Senators-621k
Women Reps-621k
Governors sh924K
Deputy Governors-621k
MCAs-144K
No sitting and mileage allowances


Mileage restructured smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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aemathenge
#1456 Posted : Tuesday, July 11, 2017 12:04:17 AM
Rank: Elder

Joined: 10/18/2008
Posts: 3,434
Location: Kerugoya
Ericsson wrote:

CS- 924K
Governors sh924K

Minji Sweetie gets "lighter" duties via the voter but keeps her salary scale.
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aemathenge
#1457 Posted : Tuesday, July 11, 2017 12:11:19 AM
Rank: Elder

Joined: 10/18/2008
Posts: 3,434
Location: Kerugoya
Ericsson wrote:
Kenya's SRC reduces MPs salaries from Sh 720,000 to 621,00 @ month.

Sitting & mileage allowance abolished.
MPs- 621K
Senators-621k
Women Reps-621k
MCAs-144K
No sitting and mileage allowances

That Commission had better receive its working budget fire-walled by the Constitution.

Otherwise, the second agenda, after appointment of the Respective Speakers, will be its disbanding and or damaging budget fund cuts.

The final take home figure for each of those cadres shall be no less than 25% higher by the time the new team is done with the Commission.

I hope I am wrong, but then this is Kenia.
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Ebenyo
#1458 Posted : Tuesday, July 11, 2017 10:20:00 AM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Ericsson wrote:
Kenya's SRC reduces MPs salaries from Sh 720,000 to 621,00 @ month. Sitting & mileage allowance abolished. Says move meant to reduce wastage
President's salary also reduced from Sh 1.6Mn to Sh 1.4Mn

New salary structures for State officers
President-1.4M
Deputy President-1.2M
CS- 924K
AG-924K
KDF boss-924K
PS- 765K
MPs- 621K
Senators-621k
Women Reps-621k
Governors sh924K
Deputy Governors-621k
MCAs-144K
No sitting and mileage allowances



Though the move is wise,its not the best.The economy is about quality.It cannot be fixed by slashing salaries of state officials.They are not the problem.KRA must be probed for not attaining its targets YOY.Then let the country reduce its dependence on debts.
Towards the goal of financial freedom
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winston
#1459 Posted : Tuesday, July 11, 2017 3:21:37 PM
Rank: Member

Joined: 4/14/2010
Posts: 806
Location: Nairobi
SRC...good move. But as usual Mpigs first agenda of the next parliament will be to deal with SRC.

The law of 'no sitting and mileage allowances' together with caps on 'Daily Subsistence Allowances and out of town/country trips' should be extended through out government. Then we can see the real effect.
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maka
#1460 Posted : Tuesday, July 11, 2017 3:37:28 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
winston wrote:
SRC...good move. But as usual Mpigs first agenda of the next parliament will be to deal with SRC.

The law of 'no sitting and mileage allowances' together with caps on 'Daily Subsistence Allowances and out of town/country trips' should be extended through out government. Then we can see the real effect.


Word...
possunt quia posse videntur
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