Salary Payment Of Teachers In Installments. The country is in the midst of a financial crisis. As a result, their is a higher likelihood that teacher and other civil servants salaries will be paid in installments.
Last month, salaries for several teachers and other civil servants including MPs delayed for so long. The issue of salaries being paid in phases has been strongly hinted by a government official.
The statement has not yet been made clear by payment in installments.David Ndii is the president’s council of economic Advisors. He has previously hinted that the government is in a financial crisis. That has been confirmed previously by delayed salaries of civil servants.
David Ndii while appearing before media, he confirmed that civil servants will receive this month’s salary in full. However, he cautioned that in the coming days, things will be a little bit tougher.
Salary Payment Of Teachers In Installments
Ndii went further and confirmed that the government is in the process of ceiling its internal and external debts. He confirmed that the government has reduced on international borrowing and is majorly relying on revenue collection from the Kenya Revenue Authority.
He confirmed that salary delays are not a crisis as it happens sometimes.He claimed that salary postponement was as a result of operational cash shortage witnessed in the country. He said that sometimes, the government maintains monthly maturities to get cash to offset debts and bonds.
The presidential economic advisor became optimistic to kenyans and civil servants at large that the government is adjusting on well. The recently witnessed scenario was as a result of high maturities.David Ndii confirmed that the government will soon receive 300 million dollars , followed by a 200 million from a syndicated loan.
He advised civil servants and teachers to keep calm and exercise patience as the government seeks a long time solution to the current economic crisis.
As a result of the economic crisis, the government had warned kenyan workers to prepare for tougher times ahead ,including salary delays and even payments in installments.National treasury cabinet secretary Prof. Njuguna Ndungu has warned of the crisis as the government is in a financial crunch.
He went further by saying their is no source of funding for the government currently.He concluded by saying the government’s financial borrowing power has decreased as revenue collection streams are performing poorly. On that note, salary payments in installments as from next month is highly likely.