President William Ruto has directed public servants who have attained the retirement age of 60 to proceed to retirement.
Ruto, who was announcing measures the government was taking to cut costs, said there will be no extension of tenures of public servants who are 60 and above, whatsoever.
Addressing the nation from State House, Nairobi, Ruto noted that the withdrawal of the Finance Bill, 2024 has resulted in reduction of revenue targets by Sh346 billion.
He said the National Treasury has been assessing the impact of either reducing the Budget by Sh346 billion in full or borrowing the amount.
“Cutting the entire amount in our assessment, would significantly and drastically affect the delivery of critical government services,” he noted.
In keeping with enhanced austerity measures, Ruto said his administration has committed to implement and align government expenditure with the consequences of the withdrawal of the Finance Bill, 2024.
He said several actions would be taken with immediate effect towards the realisation of the new Budget.
