Grapevine

By Standard Media
Aug 30, 2024

SRC scorecard: We've saved Sh11 billion in six-year fiscal overhaul

Salaries and Remuneration Commission (SRC) has for the last six years, saved the country Sh11 billion, it has emerged.

In their scorecard report released yesterday, SRC said it also reduced the public wage bill ratio to revenue from 51.54 per cent in the financial year (FY) 2017-2018 to 46.64 per cent in 2022-23.

A 2019 study on Allowances Payable in Public Service, SRC said, helped achieve the results.

“The study identified 247 different allowances paid to public officers, which account for 48 per cent of the total wage bill. SRC developed Allowances Policy Framework for the Public Service, as part of implementing the second Wage Bill Conference Resolution,” said SRC chairperson Lyn Mengich, while releasing the six year’ report.