By Mfonobong Nsehe
Kenya’s President Uhuru Kenyatta and Deputy President William Ruto have finally taken a pay cut, six months after they promised to ‘lead by example’ and reduce their remuneration and benefits in an effort to cut down on the government’s wage bill.
Kenya’s National Treasury Cabinet Secretary, Henry Rotich, revealed this on Monday during an interview with Nairobi’s Star Newspaper.
“I can assure you that both the President and the Deputy President have taken pay cut. Cabinet secretaries and principal secretaries have also written to me indicating that they have effected the presidential directive,” Rotich told the Star in Nairobi on Monday.
During a press conference in March, President Kenyatta had announced that he would take a 20% pay cut along with Deputy President Ruto, while cabinet and principal secretaries would take a 10 per cent pay cut. The funds realized from the cuts will be deposited in a voluntary salary contribution account at Kenya’s Central Bank, and will help relieve Kenya’s ballooning wage bill of about $4.4 billion annually.
The President’s basic salary is roughly $14,000 a month, which will be reduced to a little over $11,000.
This Post was first Published on Forbes HERE