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Job cuts and parastatal mergers only way to cut debt spending

Treasury CS Henry Rotich (PHOTO: Standard)

NAIROBI, KENYA: The government must cut public wage bill, the number of parastatals and cherry pick new projects if it is to manage the huge financing gap that has led to massive borrowing.

Economic Think-Tank Institute of Economic Affairs says tax revenues are no longer sufficient to meet recurrent spending and that the government should explore retiring its huge work force.

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