Home > Engineering > A Lesson in How To …

A Lesson in How To …

… Run the Country’s Finances.

From the BBC News Website (http://news.bbc.co.uk/1/hi/world/africa/7375140.stm)

Kenya cash shortfall over cabinet.

Kenya needs to find another $300m to pay for the expanded coalition cabinet formed after a power-sharing deal.

Finance Minister Amos Kimunya says he may be forced to shift funding from vital programmes like resettling the displaced to pay for new ministries.

Or from the Daily Nation website (http://www.nationmedia.com/dailynation/nmgcontententry.asp?category_id=1&newsid=122218)

Grand Cabinet to cost Sh33bn in two months

Taxpayers will pay Sh33 billion to fund the grand coalition Cabinet in the next two months alone.

Some of the money will be shifted from programmes with major social implications, including the building of new hospitals and road rehabilitation.

The programmes had been factored into the Budget for the current financial year which ends in June.

The high cost of managing the expanded Cabinet became clear in a mini-budget presented by Finance minister Amos Kimunya in Parliament Tuesday.

Kenyan politicians are among the world’s best paid MPs – each taking home about $17,000 in salaries and allowances each month. To re-direct money that is destined to help the poorest in the country is disgusting!

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Categories: Engineering
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