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Prime
Keep costly pension out of Hustler Fund
President William Ruto and Prime Cabinet Secretary Musalia Mudavadi during the launch of the Hustler Fund at Green Park Terminus, Nairobi. FILE PHOTO | NMG
The government should rethink the commitment it has made to contribute to the pension for people borrowing from the Hustler Fund, a State-backed platform issuing short-term loans.
While a noble idea, the policy risks raising government expenditure by billions of shillings per annum and is at odds with the tight fiscal space that has seen the executive order a budget cut to the tune of Sh300 billion.