Skip to content
Government and Policy

Golden Handshake to Former Speakers as the Taxpayer Continues to Languish in Poverty

BY Juma · June 7, 2019 06:06 am

Kenya is a mysterious country. On one hand, there are people languishing in abject poverty while on the other, there are those whose work is to milk the already emaciated taxpayer to fatten their pockets without giving a damn.

As the government continues to struggle with a huge wage bill that consumes a huge junk of Kenya’s national budget, the talk about reducing it seems to be only applicable on paper with the reality being the opposite.

In the recent allocations, the National Parliament has revised the budget to include 120 million shillings “golden handshake” to three former National Assembly Speakers despite them living like kings on the taxpayer’s account.

The retired Speakers have also been offered the same status as former Presidents Daniel Toroitich Moi and Mwai Kibaki and will now be receiving an increased monthly pension, medical insurance and staff such as personal assistants, secretaries, messengers, housekeepers, and drivers.

Currently, the three former Speakers are getting a monthly pension of 554,400 shillings, a one-off send-off of 13.8 million shillings and a monthly fuel allowance of 173,250 shillings.

The National Treasury has already set aside 1.5 billion shillings to cater for the retirement benefits of former officials captured in the Deputy President and Designated State Officers Act.

Ironically, the amount allocated for the retirement benefits of these state officers has increased to 2 billion shillings, more than the one billion shillings allocated for the affordable housing program.

As politicians continue to award themselves hefty packages at the expense of the taxpayer, Kenya continues to move on the wheels of debts threatening to choke her and bringing her to her ultimate end.

Kenya’s public debt is now above 5.6 trillion shillings with the government still on the borrowing spree with the latest loan of 75 billion shillings coming from the World Bank, few weeks after getting another loan of 210 billion shillings through a Eurobond.

Juma is an enthusiastic journalist who believes that journalism has power to change the world either negatively or positively depending on how one uses it. (020) 528 0222 or Email: info@sokodirectory.com

Trending Stories
Government and Policy Kenya Is Struggling With Debt As Modest Revenue Is Collected With Limited Development Investment Steve Biko Wafula
Entrepreneur's Corner Kenyan Clients Don’t Care Whether You’re In the ICU: The Brutal Truth Of Entrepreneurship Soko Directory Team
Headlines Are The SACCOS The Infinite Money Glitch Of Kenya? Soko Directory Team
Government and Policy Saccos Clamp Down On Struggling Businesses, Recover Sh491 Million In A Ruthless Crackdown Soko Directory Team
Entrepreneur's Corner The Greatest Skill Everyone Should Master Is The Skill Of Knowing How To Manage Money Soko Directory Team
Related Articles
Government and Policy MACNUT Welcomes Court Ruling To Join Case On Raw Macadamia Export Policy Soko Directory Team
Government and Policy Kenyan Government To Launch 1,236 Projects In 34 Counties Soko Directory Team
Government and Policy TSC Revises Registration Requirements For Teachers Getrude Mathayo
Government and Policy Saccos Clamp Down On Struggling Businesses, Recover Sh491 Million In A Ruthless Crackdown Soko Directory Team
Government and Policy Kenya Is Struggling With Debt As Modest Revenue Is Collected With Limited Development Investment Steve Biko Wafula
Explore Soko Directory
Banking Blogging Commodity Watch Did you know Entertainment Entrepreneur's Corner Feature Government and Policy Headlines Investment Lifestyle Market News Money Opinion Press Releases Stock Watch Technology
Soko Directory Archives