President Uhuru Kenyatta today said that all public servants including himself will be subjected to lifestyle audits in a further step to control corruption. The President said all public servants will be asked to explain the source of their wealth and all those found to have plundered public coffers will be put to task to explain the source of their wealth. The publication will allow members of the public to access the information including details of the items or services purchased, contract prices, and the particulars of the suppliers including owners, directors and beneficial ownership. On Madaraka Day, President Kenyatta ordered that all heads of procurement and accounting units to be alfred wangai forex trading afresh.
He said the vetting will include subjecting the officers to polygraph tests to determine integrity. Martha Karua was slapped with KShs. Treasury secretary Henry Rotich has presented this year’s Sh 3 trillion budget, including the taxation measures expected to finance it. The budget focuses on the Big 4 development agenda, whose key priority areas will be funded while keeping the already high debt sustainable. This, according to Mr Rotich, is expected to propel growth to seven per cent in the next financial year. On affordable housing, Mr Rotich to amend the Employment Act. 5 per cent for housing while employees to give 0.
On manufacturing, import duty on iron ore and steel, paper and paper products increased from 25pc to 35pc, increase meant to make local products more competitive. Further, Treasury has allocated Sh3 billion for construction of affordable housing. Excise duty on private vehicles above 2500cc diesel and 3000cc petrol goes up from 20pc to 30pc to promote local assembly. Tax on mobile money transfer charges increases from 10pc to 12pc, proceeds to fund universal health care. Treasury has further allocated Sh2 billion for primary health care and Sh7 billion for cancer diagnosis equipment and Sh400 million for cancer institute.