William Ruto Reoganises Gov't Creating 3 New Offices for Economic Transformation – Tuko.co.ke
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President William Ruto has been formulating strategies in his first 30 days in office to steer up his bottom-up economic agenda.
Ruto promised to revamp the economy by supporting low-income earners and small traders through the bottom-up model.
In his first executive order signed on Wednesday, October 12, the president created three new offices under the Office of the President.
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These offices will deal with formulating the budget policy and economic affairs agenda, reflecting the president's five-year vision.
The three offices under Ruto's wing include the Office of the Council of Economic Advisers, the Office of Fiscal Affairs and Budget Policy and the Office of the Economic Transformation.
According to Daily Nation, Fiscal Affairs and Budget Policy wing will formulate financial policies in line with Ruto's economic agenda.
The office of economic transformation and the Council of Economic Advisers will offer predictive and advisory analyses of the economy.
The two offices will also advise on new revenue generation mechanisms and policies to help for economic transformation across the board.
Ruto spent his first 30 days in office engaging with key economic players and stakeholders and formulating policies for economic transformation.
On Tuesday, October 11, he graced the Nairobi Securities Exchange (NSE) Market Place launch.
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The head of state hinted at waiving tax arrears for companies involved in disputes with the Kenya Revenue Authority (KRA).
Over 10 companies, including Keroche and Africa Spirits, have been shut by the taxman over failure to settle tax dues.
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Source: TUKO.co.ke
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