President William Ruto has stated that the government will not borrow money to pay civil servants salaries, which have been delayed.
Speaking on Tuesday, April 11 during the Release of The Performance Contracting Report for the 2021/2022 Financial Year at the KICC, Nairobi, President Ruto admitted that it’s the first time the government is delaying salaries but linked it to maturing debts.
“We had issues of delayed salaries which somebody is the first time that we are having delayed salaries, yes it’s the first time we are delaying salaries but also the first time we are having such monumental debts.
“I want to assure the country that the situation is managed we have turned the corner, and we are not going to borrow money to spend on recurrent expenditures including salaries,” Ruto stated.
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This comes after President’s Economic Council chairperson David Ndii stated that the civil servants will be paid from next week.
"Payroll for civil servants will be cleared next week. We are still being able to raise money. Next week we have 200 million dollars coming in from a syndicated loan. It is not a crisis.
"We are not insolvent. Our debt is actually payable, we can finance payment. Government has no credit constraints, it is able to finance itself, that’s why it uses treasury bills and bonds,” Ndii said on Monday during an interview with Citizen TV.
