Politics

A full plate awaits Githae

By ALPHONCE SHIUNDU ashiundu@ke.nationmedia.com

on  Thursday, January 26  2012 at  22:30

The new man at the Ministry of Finance comes at a time when the Treasury is at the centre-stage of implementing Kenya’s 17-month-old Constitution.

Although Mr Robinson Njeru Githae’s appointment is in acting capacity, he will have to hit the ground running as he prepares the first Budget Policy Statement — a forecast of the revenues and expenditure for the next Budget —that will take into account the next General Election and the setting up of devolved governments.

This has to be ready before March 21.

After that, he will have to liaise with Parliament’s Budget Committee to ensure that his aspirations for government spending are in tandem with those of the lawmakers.

Mr Githae has been activated from his sleepy address at the Kenyatta International Conference Centre, the headquarters of the Ministry of Nairobi Metropolitan Development, to occupy the hot seat at the Treasury—from where he’s expected to manage the country’s purse-strings.

There’s a pending tiff between the Treasury and Parliament over the Finance Bill for the current Budget, and it seems, it is now upon Mr Githae to ensure MPs and the Treasury reach an agreement.

Already, the Joint Government Whip, Mr Jakoyo Midiwo (Gem), whose amendments to the Finance Bill to cap interest rates—the moot point between the Treasury and Parliament— has said that the government has to refund a minimum of Sh3 billion in taxes collected beginning January this year.

The MP told the Nation on Thursday at Parliament Buildings that the amount “keeps rising with each passing day” to the extent that it will be difficult for the Treasury to regularise it without the acquiescence of Parliament.

More Headlines