Article 202 of the Constitution of Kenya provides for the vertical process of sharing national revenue in Kenya. Vertical sharing refers to the process of sharing revenue raised nationally (equitable share) between the national and … Continue Reading
The role of the County Assembly in public finance management in Kenya is very important at the county government level. The County Assembly is one of the arms of the county government alongside the County … Continue Reading
This article looks at the difference between treasury bills and treasury bonds in Kenya. On behalf of The National Treasury, the Central Bank auctions and manages Government’s domestic debt. At the beginning of each fiscal … Continue Reading
The budget process for the national government in Kenya is a continuous process. It begins on 30th August of the current year. The process should end on 30th December of the coming year. The budget … Continue Reading
The County Fiscal Strategy Paper in Kenya is the guide to the county budget process. It looks at how the past and the present setting of the budget process can inform the future. Therefore, it … Continue Reading
The major function of the County Budget and Economic Forum (CBEF) is to facilitate public participation in the budget process at the county level. Each of the 47 counties should have an operational CBEF. The … Continue Reading
How do you distinguish between the division of revenue and allocation of revenue in Kenya? The division of revenue and allocation of revenue are terms you will find in public finance management in Kenya. For … Continue Reading
The role of the Kenyan Parliament in public finance management in Kenya is very important. Parliament plays this role through two committees of the National Assembly and the Senate Respectively. These Committees are the National … Continue Reading
There are several funds established by the Constitution of Kenya. In this article, we explore these different funds and the purpose they serve. They also form the key types of public funds in Kenya. According … Continue Reading
Section 110 of the Public Finance Management Act establishes the County Emergency Fund in Kenya. A County Executive Committee may, with the approval of the County Assembly, establish an emergency fund for the county government … Continue Reading
Article 208 of the Kenyan Constitution establishes the Contingencies Fund. The purpose of the Contingencies fund is the urgent and unforeseen need for expenditure for which there is no other legislative authority. Further, the Public … Continue Reading
Before we talk about the types of government budgets in Kenya, let’s define a budget. A budget is a document that sets out the government’s proposed revenues, expenditure and priorities for a specific financial year. … Continue Reading