Treasury should live within its means

When he came in, Central Bank of Kenya Governor Patrick Njoroge endeared himself to Kenyans with his honesty. Kenya, he said, had to check its appetite for debt. Non-essential spending such as conferences, hospitality, traveling would be slashed.

Then, acting Treasury Cabinet Secretary Ukur Yattani acknowledged that for the period that the austerity measures would be undertaken, probably in two financial years, some people, including those in the private sector, would be hit. Most Kenyans welcomed the recommendations aimed at improving the country’s financial hygiene.