Kenya's Treasury Introduces Reforms Ahead of IMF Covid-19 Loan

To get the latest U.S.$2 billion loan from the International Monetary Fund, the national treasury has reportedly promised to control the government wage bill - a signal of tough days ahead for government employees. This has seen the national treasury sign a raft of tax reforms to boost the revenue base at a time when the country is dealing with the Covid-19 pandemic, which has seen many Kenyans lose their livelihoods. Treasury has also committed to regular audits of the payroll to eliminate "ghost workers" and review and rationalise allowances earned by civil servants. It also said that government will improve functionality of its payroll management systems to cut down expenditure. Over 150,000 enraged Kenyans have signed a petition in a bid to stop IMF from releasing the loan for the Covid-19 vaccination campaign.


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