How do you distinguish between the division of revenue and allocation of revenue in Kenya? This article intends to provide the answer. The division of revenue and allocation of revenue are terms you will find … Continue ReadingThe Division of Revenue and Allocation of Revenue in Kenya
The role of the Kenyan Parliament in public finance matters 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 ReadingWhat is the Role of Parliament in Public Finance in Kenya?
There are several funds established by the Constitution of Kenya. In this article, we explore these different funds and the purpose they serve. According to the WHO, the public sources of funding include those which … Continue ReadingFive Key Funds Established by the Constitution of Kenya
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 ReadingWhat is the Purpose of the County Emergency Fund in Kenya?
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 ReadingWhat is the Purpose of the Contingencies Fund in Kenya?
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 ReadingWhat are the Types of Government Budgets in Kenya?
The budget process in Kenya is an important part of government planning and decision-making. In itself, the budget-making process in Kenya is a comprehensive process. It begins in August of the current financial year to … Continue ReadingWhat are the Key Stages in the Budget Process in Kenya?
Article 204 of the Constitution establishes the Equalisation Fund in Kenya into which should be paid one half per cent (0.5%) of all the revenue collected by the national government each year. This amount is … Continue ReadingWhat is the Purpose of the Equalisation Fund in Kenya?
Article 206 of the Constitution establishes the Consolidated Fund in Kenya. This fund acts as the main bank account for the national government. The Public Finance Management (PFM) Act expounds on the Consolidated Fund. All … Continue ReadingWhat is the Purpose of the Consolidated Fund in Kenya?
The County Integrated Development Plan (CIDP) in Kenya is one of the major types of county plans in Kenya. It is a five-year plan that counties prepare to guide their development activities. Therefore, it is … Continue ReadingWhat is a County Integrated Development Plan (CIDP) Kenya?