The Kenya government budget for the fiscal year 2016/2017 had the following key budgetary items Cash payments for the elderly, disabled and orphans = Ksh 10 billion Salaries for civil servants = Ksh 200 billion Remunerative Allowances for constitution commissions = Ksh 30 billion Salaries for state corporations staff = Ksh 12 billion Payments for Treasury bills and Bonds = ksh 110 billion Allowances payments to civil servants = Ksh 6 billion You are also informed that sixty per cent the payments for Treasury bills and bonds was paid to foreign citizens and that the total personal incomes to Kenyans for the fiscal year was Ksh 700 billion. Use the above information to calculate the size of public sector in Kenya for the fiscal year 2016/2017.

The Kenya government budget for the fiscal year 2016/2017 had the following key budgetary items Cash payments for the elderly, disabled and orphans = Ksh 10 billion Salaries for civil servants = Ksh 200 billion Remunerative Allowances for constitution commissions = Ksh 30 billion Salaries for state corporations staff = Ksh 12 billion Payments for Treasury bills and Bonds = ksh 110 billion Allowances payments to civil servants = Ksh 6 billion You are also informed that sixty per cent the payments for Treasury bills and bonds was paid to foreign citizens and that the total personal incomes to Kenyans for the fiscal year was Ksh 700 billion. Use the above information to calculate the size of public sector in Kenya for the fiscal year 2016/2017.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter21: Financial Markets, Saving, And Investment

Section: Chapter Questions

Problem 9P

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