President Kenyatta says his deputy William Ruto and himself will take a pay cut of 80 per cent. This means, for a president, who according to a Salaries and Remuneration Commission gazette notice of July 2017 currently earns Ksh.1.44 million per month, that could reduce to just over Ksh.288,000.
It’s even lower for the deputy president who currently takes home pay of Ksh.1.22 million. This is about to be reduced by 80 per cent to settle at just over Ksh.245,000.
The President made the announcement on Wednesday after he confirmed
1 case of coronavirus to have fully recovered.
National Economic Treasury to offer the following reliefs.
- 100% tax relief for those earning less than 24,000 shs.
- Reduction of income tax from 30 to 25%.
- Reduction of resident income tax from 30 to 25%.
- Reduction of the turnover tax rate from 3 to 1%.
- Appropriation of 10B to the elderly and orphans cash transfer by Ministry of National LABOUR and social services.
- Temporary suspension of CRB listing of CMEs and corporate entities whose loan accounts fall from effective 1st April 2020.
National treasury shall cause an immediate reduction of VAT from 16 to 14 % from 1st April 2020. All ministries and departments shall cause payments of 13 B of pending bills within three weeks.
KRA shall expedite all payments off VAT refund claims within three weeks or allow for the offsetting for withholding VAT for business. I Billon from universal health kitty for recruitment of additional health workers to support COVID 19 efforts.
Voluntary reduction of senior executives salariesPresident and VICE President 80%
PS 30% All state officers with preexisting conditions and are older than 50 years and above servicing in job groups F and below to take leave or fourth with work from home. This excludes personnel in security and essential services.
The CBK will Lower of the CBR to 7.25% from 8.25% for commercial banks to lower interest rates. lower CRR from 5.25% to 4.25 % to improve liquidity in banks. CBK shall provide flexible form loan classification s that we’re performing as at March 2 nd and whose repayment period was extended or restructured because of COVID-19
Reorganized the calendar of cabinet and key state agencies to foster enhanced responses. Introduced close coordination with the counties to combat COVID 19,
The public order number one, From Friday 27th a daily curfew from 7 pm to 5 am in the morning. With immediate effect, management of ferry shall be managed by police, coast guard and NGAO.