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The Purpose of the County Emergency Fund in Kenya

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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…

The Purpose of the Contingencies Fund in Kenya

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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…

The Types of Government Budgets in Kenya

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The three types of government budgets in Kenya are the deficit budget, surplus budget and balanced budget. A government budget is said to be a deficit budget when the proposed…

The Purpose of the Consolidated Fund in Kenya

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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…

The Purpose of the Equalisation Fund in Kenya

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Article 204 of the Constitution establishes the Equalisation Fund in Kenya which should be paid one-half per cent (0.5%) of all the revenue collected by the national government…

The Functions of the County Treasury in Kenya

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The role of the County Treasury in Kenya is important in the management of county government finances. The County Treasury is one of the departments of the county government and…

Sources of Revenue for County Governments in Kenya

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The sources of revenue for county governments in Kenya are diverse. The county governments require revenue to implement their functions.The sources of revenue for county…