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The Difference Between Treasury Bills and Bonds in Kenya

The Difference Between Treasury Bills and 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 year, the National Treasury determines the budgetary gap to be financed from the domestic … Continue ReadingThe Difference Between Treasury Bills and Bonds in Kenya

The Role of Parliament in Public Finance Management in Kenya

Role of Parliament in Public Finance Management in Kenya

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 ReadingRole of Parliament in Public Finance Management in Kenya

What is the Contingencies Fund in Kenya?

What is the Purpose of the Contingencies 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?

What are the Types of Government Budgets in Kenya?

What are the Types of Government Budgets 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?

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