The budgeting process for the national government in Kenya takes place in several stages. These stages are formulation, approval, implementation, and audit/evaluation. The…
The County Fiscal Strategy Paper shall specify the broad strategic priorities and policy goals that will guide the county government in preparing its budget for the coming…
The County Budget and Economic Forum shall serve as the major mechanism for the public to participate in the budget process and public finances. The role of the County Budget and…
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…
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…
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…
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…
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…
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…
Article 204 of the Constitution establishes the Equalisation Fund in Kenya which shall be paid one-half per cent (0.5%) of all the revenue collected by the national government…