Voluntary pay cuts ordered by President Uhuru Kenyatta three years ago has saved only Sh70 million in public wage bill. The three-year savings pale in significance compared to the Sh8.8 billion that the Salaries and Remuneration Commission (SRC) is targeting with the latest round of pay cuts announced last week.
Treasury secretary Henry Rotich said the cash was in the Transformative Fund account, which was opened in 2014 to hold deductions from salaries of top public earners in efforts to cut the ballooning public wage bill and free up cash for development projects.
